Bitcoin news: price breaks $100K support amid Middle East tensions
Bitcoin drops below $100,000 as Middle East conflict escalates
Bitcoin price is under pressure again after geopolitical conflict in the Middle East triggered a deep weekend selloff that flipped June's performance into negative territory.
On Sunday, Bitcoin dropped to $98,500 following reports of a U.S. airstrike on Iran. The decline marked the first time in over six weeks that Bitcoin traded below the $100,000 psychological level.
Highlights
-Bitcoin plunged to $98,500 after a U.S. airstrike on Iran.
-Weekend selloff wiped June gains and triggered $1 billion in liquidations.
-Recovery toward $105,000 faces strong EMA barriers and weak momentum.
This sharp drawdown was not just technical. It coincided with a broader risk-off mood across financial markets, driven by escalating tension between Israel and Iran. The fallout led to more than $1 billion in crypto liquidations, further fuelling the downward momentum. As of Sunday’s close, Bitcoin had logged four consecutive daily losses, the longest such streak in June 2025.
BTC price dynamics (March - June 2025). Source: TradingView
At $98,500, the 100-day EMA provided temporary support and triggered a mild recovery attempt. On Monday morning, Bitcoin recovered further from Sunday’s close at $101,000 and extended that move slightly to $102,000 during the European session. However, the recovery has been met with hesitance.
Bitcoin’s 4-hour chart shows weak buyer interest as rebound nears EMA cluster
From a technical lens, the rally lacks conviction. On the 4-hour chart, the bounce has been accompanied by falling volume, suggesting weak buyer interest. Price action is also approaching a confluence of resistance zones, including the 20, 50, and 100 EMAs between $102,500 and $105,000. These overlapping averages create a ceiling that could cap further upside in the short term.
The daily RSI has dropped into bearish territory, indicating downside momentum is still present. If price fails to breach the $105,000 resistance zone convincingly, Bitcoin could be on track for another retest of the 100-day EMA at $98,500. Given the risk-sensitive environment and declining volume, the bearish scenario currently appears more likely than a full recovery.
Bitcoin traded between the 20-day and 50-day EMA as falling open interest confirmed ongoing deleveraging. Neutral sentiment and low volume kept price stuck near $104,900.
