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Trump Bombards Iran, Bitcoin Crashes!

Trump Bombards Iran, Bitcoin Crashes!

CointribuneCointribune2025/06/23 00:48
By:Cointribune

Bombing Iran on a weekend: deterrence tactic or strategic opportunism? Since Trump announced the strikes, geopolitical tensions have unsettled the crypto sphere. Bitcoin dropped below the symbolic $100,000 mark, recording a 5.4% loss in one week. In this climate of uncertainty, markets are testing their nerves. And bitcoin, its status as a safe haven asset.

Trump Bombards Iran, Bitcoin Crashes! image 0 Trump Bombards Iran, Bitcoin Crashes! image 1

In brief

  • Bitcoin breaks below the $100,000 mark, with a 5.4% weekly loss.
  • Over $595 million in long positions were liquidated in crypto markets.
  • The $97,000 support becomes critical, traders await a clear signal to act.
  • Technical indicators remain mixed, between neutral RSI and still clearly bearish MACD.

Bitcoin below $100,000: the domino effect of missiles

Saturday night, Trump acts. In the wake of this, the bitcoin price drops below $100,000, breaking a key support observed by traders worldwide. Long positions explode: over $595 million liquidated, according to market data. A true flash crash.

A calm voice in the turmoil, that of Columbus :

Bitcoin still holds the $100,000 mark despite the US attacks on Iran, which is a good sign. But if the daily close falls below it, we will look for $92,000–94,000.

Traders hesitate. Indicators fluctuate: RSI at 43, MACD in the red, stochastic at 14. No clear direction. One certainty: geopolitics is shaking crypto certainties. And below $100,000, confidence is eroding.

War and bull run: memories of a rebounding bitcoin

This is not the first time war strikes… and that bitcoin reacts counterintuitively.

Trader Merlijn recalls:

But this time, buyers are cautious. The $97,000 support remains active but fragile. Others bet on a deeper retreat. Cas Abbe estimates that a drop to $93,000–94,000 will precede a reversal. History doesn’t always repeat itself… but it rhymes.

Now is when everything can turn: technical signals on alert

As the weekend approaches, signals accumulate… and worry. Technical thresholds are fragile, volatility rises, and algos prepare to react at every candlestick flick. The crypto market is under heightened surveillance.

Here’s what to keep an eye on:

  • RSI stagnates at 43, a sign of an indecisive market;
  • MACD remains deeply negative, no bullish crossover in sight;
  • CCI at –125 indicates a possible reversal, but without volume;
  • Intraday support at $100,945 broke without resistance;
  • Liquidity concentrates around $97,000, according to CoinGlass.

In this context, crisis tweets are circulating rapidly. Alpha Whale sounds the alarm: “If US strikes the Iran nuke sites and kills Russian workers, we’re on the brink of World War III! […] Bitcoin will crash as the risk-off flight intensifies. Global equities tumble while gold and bonds surge. Stay alert, trade smart.”

While fear dominates the screens, some look far ahead. The AVIV indicator, used by Gert van Lagen, has not yet signaled a peak. Result: a projection to $330,000 remains credible by his criteria. Nothing is guaranteed, but in this unpredictable market, everything is still open.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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