menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Why Did Bi...
source image

Cryptoticker

3w

read

107

img
dot

Image Credit: Cryptoticker

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

  • Bitcoin crashed below $100,000 due to fears of a broader conflict in the Middle East following U.S. airstrikes on Iranian targets.
  • The $100,000 level acted as a psychological floor and its breach triggered stop-losses, liquidations, and fear-driven exits.
  • BTC broke down from a descending triangle pattern, confirming the trend breakdown.
  • The cryptocurrency fell sharply below $100,000 amid panic selling and struggles to reclaim the psychological threshold.
  • Bitcoin's price prediction scenarios include a bullish recovery if U.S.–Iran tensions ease or a further drop towards $90,000 in case of escalation.
  • Market uncertainty and emotion are affecting Bitcoin's behavior, making it more volatile and less of a safe haven asset.
  • Traders should monitor $98,000 and $103,000–$104,500 as key levels and stay cautious amid global news catalysts.

Read Full Article

like

6 Likes

For uninterrupted reading, download the app