On June 22 the price of Bitcoin fell to $ 98,000, a level not seen since last May 8. Thus, it marks a drop of almost 5% (with respect to the previous day) driven by the geopolitical tensions of the war in the Middle East.
The escalation of the conflict, reported by cryptootics, intensified After the United States attack on Iranian nuclear facilities. Consequently, the Iranian Parliament would be considering the closure of the Ormuz Strait, a strategic route where 20% of world oil travels, which threatens to generate a Severe impact on the global economy.
If these tensions do not show signs of relaxation, and investors continue to liquidate their positions in BTC, The price could deepen the fall in the next few hours or days.
BTC could descend to the next support zone, located in almost $ 96,000 (represented by the blue line)as seen in the following tradingview chart:
What do analysts think about the conflict in the Middle East and the price of Bitcoin?
He Trader Known as Santinocripto, in an X publication on June 22 and after the US bombardment to Iranian nuclear bases, he said: «Volatility in markets is expectedin Bitcoin and cryptocurrencies for this next week, we will have a few days moved in the markets ».
However, forecast With some enthusiasm that «at most we can fall to $ 95,000 in BTC, so My current market bias is still bullish facing the rest of 2025 ″.
Along the same lines, analyst Benjamin Cowen pointed out: “We are likely to see Bitcoin back in his upward market support band soon, in the range of $ 90,000.”
Both analysts agree that Bitcoin could touch levels close to $ 95,000, but maintain an optimistic medium -term vision.
For its part, Merlijn The Trader compared The current situation with the beginning of the war between Ukraine and Russia in 2022 and used it to establish an optimistic future.
«The fear of a war is strong. But the facts are more. In 2022, Bitcoin rose 42% in 35 days After the war in Ukraine began. That was in full bearish market. Now it is 2025. War fears increase again. And we continue in an upward market, ”explained the Trader.
If that antecedent, although ventured and uncertain, was fulfilled in the current scenario and BTC rose 42%, its price would exceed $ 140,000 At the end of July.
On the other hand, the Bitcoiner David Battaglia, when the price of Bitcoin was around 102,000 dollars on June 21, immediately after the US attack, He said: “BTC is cheap and strong.” This statement reflects its confidence in the fundamental solidity of Bitcoin as a network and in the long -term value of the asset, even in the middle of the current turbulence.
Finally, an analysis ON-CHAIN From the Alphractal site add an additional perspective layer. According to his ReportBitcoin has reached the “price made by short -term holders” when falling below $ 99,000, a level that represents the average acquisition of all bitcoins bought in the last 155 days.
That point identifies as a short -term key supportsuggesting that investors could defend this range to avoid losses.
However, Alphractal warns that extreme caution is required When operating with BTC in this context, since an additional breakdown below this level could indicate a more pronounced selling pressure, leaving the asset in an uncertain terrain while the conflict in the Middle East continues to develop.
