Bitcoin’s price faced renewed downside pressure on June 22, falling below $102,000 after U.S. President Donald Trump confirmed that American forces had conducted strikes on Iranian nuclear facilities. The escalation in the Israel-Iran conflict soured broader market sentiment, with crypto traders preparing for heightened volatility going into the new Wall Street trading week.
During a televised address on Truth Social, Trump warned Iran to “make peace or face further strikes,” amplifying market fears. The BTC/USD pair responded swiftly, marking its lowest levels in weeks.
Traders, however, remain split on Bitcoin’s near-term prospects. “A dip towards $93K-$94K could still happen, but I only see a 20%-25% chance of that low being hit,” commented popular trader Cas Abbe.
Historical comparisons provide some optimism: “In 2022, Bitcoin surged +42% in 35 days after the Ukraine war began — and that was in a bear market,” fellow trader Merlijn noted. “Now in 2025, we’re in a bull market with Bitcoin above $100K. If history repeats, the rebound could be stronger.”
Key $97K Support Zone in Focus
Market data from CoinGlass highlights $97,000 as a key liquidity zone that could provide the first major support if further declines occur. “I remain long over $93,500, but bulls need to reclaim $104,500 to stay in control,” trader Crypto Tony advised on X.
With Bitcoin poised for its lowest weekly close since early May, traders are watching key levels closely, hoping geopolitical uncertainty may once again fuel a bullish turnaround.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
