INSUBCONTINENT EXCLUSIVE:
Key points:Bitcoin sees a snap reaction to news of direct US involvement in the Israel-Iran conflict, dipping below $102,000.Traders note
that war-based headlines have acted as a BTC price springboard in the past.Price analysis suggests that a local bottom may coincide with
order book liquidity at around $97,000.Bitcoin (BTC) risked new month-to-date lows into the June 22 weekly close as geopolitical threats
soured crypto sentiment.BTC/USD 1-hour chart
showed BTC/USD falling under $102,000 as US President Donald Trump confirmed strikes on nuclear facilities in Iran.Iran, Trump said during a
reached.BTC/USD 1-day chart
Source: Cas Abbe/XAbbe and others referenced events in April, when BTC/USD suffered following the announcement of reciprocal US trade
trader Crypto Tony told X followers about the issue on the day.BTC/USD 1-week chart
Source: Cointelegraph/TradingViewBTC/USD thus remained on course for its lowest weekly close since the start of May.Previously,
Cointelegraph reported on exchange order book liquidity, potentially providing the first major support band at around $97,000.Data from
Source: CoinGlassThis article does not contain investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
