Why Did Bitcoin Crash Below $100K? It's because th...

Bitcoin just broke below the psychological $100K level as geopolitical tensions spike. But was it just panic selling — or the start of a deeper correction?

Rudy Fares

Rudy Fares

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Categories: Bitcoinbitcoin price dropBTC Price

Bitcoin Crashes Below $100,000: What Triggered the Sell-Off?

The crypto market woke up to carnage as Bitcoin ($BTC) slipped below the critical $100,000 support level, hitting an intraday low near $98,240. This came hours after the U.S. launched airstrikes on Iranian targets, igniting fears of a broader conflict in the Middle East.

Risk assets across the board are down, but Bitcoin’s drop is particularly symbolic. The $100K level had acted as a major psychological floor — and once broken, triggered stop-losses, liquidations, and fear-driven exits.

Bitcoin Price Crash: Trend Breakdown Confirmed

Looking at the 4H BTC/USD chart:

  • BTC was consolidating within a descending triangle pattern, repeatedly testing support.
  • The final rejection at the 200 EMA (~$104,500) and horizontal resistance near $103,343 marked the pivot point.
  • The breakdown is now confirmed as BTC fell sharply below $100K and the triangle's bottom support.
  • RSI sits near 29.52, indicating oversold conditions, but without reversal signals yet.
  • Volume spikes on the breakdown suggest panic selling, not strategic reallocation.

BTCUSD_2025-06-23_00-16-08.png

BTC/USD 4-hours chart - TradingView

BTC is now trading around $99,525 and struggling to reclaim the psychological threshold.

War or Peace? Bitcoin Price Prediction Scenarios

🕊️ Scenario 1: Peace Talks or De-escalation

If diplomacy kicks in and the U.S.–Iran tensions ease:

  • Expect BTC to bounce back toward the $103,343 resistance zone.
  • A break above the 200 EMA (~$104,500) could confirm bullish recovery.
  • Target range: $106,000–$109,000, with strong resistance there.
  • RSI support suggests that short-term buyers may step in soon.

This would turn the recent crash into a classic “buy the fear” opportunity.

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💥 Scenario 2: Full-Scale War in the Middle East

If the conflict escalates and Iran retaliates:

  • BTC could fall further toward $94,000 and even $90,000.
  • Panic may extend into traditional markets, compounding the crypto drawdown.
  • Altcoins would bleed more, while stablecoins and gold outperform.
  • Only strong fundamental buying or a Fed intervention could slow the drop.

The structure supports further downside if geopolitical risks worsen.

Bitcoin Price Prediction: $100K Is No Longer Safe — Stay Cautious

The break below $100K isn’t just technical — it’s emotional. Markets are reacting to uncertainty, and Bitcoin is behaving more like a high-beta asset than a safe haven. For now, traders should watch:

  • $98,000 as short-term support
  • $103,000–$104,500 as the next upside test
  • Global news headlines as key catalysts

Until volatility settles, this is a trader’s market, not one for blind HODLing.

 

$BTC, $Bitcoin

Rudy Fares
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Rudy Fares

Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.

Regular updates on Web3, NFTs, Bitcoin & Price forecasts.

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