Bitcoin Price Drops Below $100K After US Strikes on Iran
The cryptocurrency market was hit hard this Saturday, following an escalation in geopolitical tensions between United States and Iran . Bitcoin (BTC) recorded a significant drop and broke the psychological support of US$ 100 thousand, bringing strong volatility and uncertainty to investors around the world.
According to data compiled by PortalCripto, BTC is trading at US$ 99.265,67, accumulating a decline of 4,02% in the last 24 hours. The negative movement occurs in direct reaction to the recent military attacks carried out by the US against Iranian targets, raising fears about the impact of the global conflict on risk markets.
The panic spread to the main altcoins, which deepened losses in the same period. Ethereum (ETH) fell 9,65%, now trading at US$ 2.183,60. Solana (SOL), which had been trying to recover price levels in recent days, has accumulated a drop of 7,73%, and is trading at US$ 128,87.
Check out the prices of the biggest cryptocurrencies now:
- Bitcoin (BTC): $99.265,67 (-4,02%)
- Ethereum (ETH): $2.183,60 (-9,65%)
- BNB (BNB): $608,21 (-4,25%)
- XRP (XRP): $1,947 (-7,83%)
- Solana (SOL): $128,87 (-7,73%)
- Cardano (ADA): $0,527 (-8,07%)
- Dogecoin (DOGE): $0,1472 (-7,69%)
- Tron (TRX): $0,2668 (-2,06%)
The scenario is one of strong risk aversion, as global investors seek protection while awaiting further developments in the crisis in the Middle East. Analysts believe that further corrections may occur if the conflict intensifies, maintaining pressure on the entire crypto market.
Price Analysis: BTC Could Fall Further Before Finding Bottom, Analysts Say
Bitcoin's drop below $100 has raised alarm bells among traders and technical analysts. According to analyst Cas Abbé (@cas_abbe), there is still room for a deeper correction before the market finds its true bottom.
In an analysis published on Twitter, Abbé considers that the most pessimistic scenario for BTC points to a further drop towards the range between US$ 93 and US$ 94. “This is my worst case scenario for Bitcoin: a drop towards US$ 93K–US$ 94K before bottoming and reversal,” he wrote.
According to the expert, the probability of this movement happening is between 20% and 25%. He also recalls the context of April 2025, when former US President Donald Trump announced reciprocity tariffs, leading to a market crash. “Most people thought it was the bottom, but the real bottom of BTC only came four days later,” he reports.
Abbé draws a parallel with the current situation: “Today, the US has gotten involved in the Middle East issue, and many expect this to be the bottom. But what if April 2025 happens again?” For him, Bitcoin could fall another 7% to 8% from current levels before beginning a more consistent recovery.
In the scenario highlighted by the analyst, BTC could therefore seek new support only in the US$ 93 thousand range — a move that would test the market's resilience in the face of macroeconomic and geopolitical risks.
Cas Abbé Analysis Summary:
- Worst scenario: BTC drops to $93K–$94K before forming a bottom
- Probability: 20% –25%
- Historical reference: April 2025, when BTC only found a bottom four days after the initial shock
- Possible new retreat: -7% to -8% from current levels
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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