{"id":73962,"date":"2025-06-17T14:00:50","date_gmt":"2025-06-17T14:00:50","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=73962"},"modified":"2025-06-17T14:00:50","modified_gmt":"2025-06-17T14:00:50","slug":"analyst-predicts-bitcoin-price-crash-as-war-tensions-mount-in-middle-east","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=73962","title":{"rendered":"Analyst Predicts Bitcoin Price Crash As War Tensions Mount In Middle East"},"content":{"rendered":"

Bitcoin\u2019s recent price activity has been characterized by sharp swings as global uncertainties persist<\/a>, particularly following the escalation of tensions between Israel and Iran<\/a>. After plunging by nearly 5% amid the rising geopolitical strain, Bitcoin managed to recover, bouncing back above $105,000 and currently trading around $106,800.<\/p>\n

The past 24 hours have been highlighted by Bitcoin recovering toward $108,000 briefly again, <\/a>but with escalating tensions in the Middle East, there\u2019s a good chance it could crash soon. This aligns with an outlook from a crypto analyst, who noted that Bitcoin might crash toward $100,000.<\/p>\n

Resistance Band Faces Test For Bitcoin<\/h2>\n

According to crypto analyst Pejman_Zwin on the TradingView platform, Bitcoin is hovering within a confluence of resistance<\/a> and short liquidation zones, stretching from $105,330 to $107,120. This range, he notes, is not only a structural resistance zone but also corresponds with the cumulative short liquidation leverage area.<\/p>\n

Basically, this means there\u2019s a high possibility of an intensified price volatility if this zone is challenged or broken. The charts also reveal the presence of a possible contracting triangle pattern, which is a bearish continuation setup<\/a> in the context of a larger correction.<\/p>\n

According to the analyst, if Bitcoin fails to reclaim $106,600 convincingly, the structure could shift from a corrective triangle to a five-wave downward impulse. This would cause a deeper retracement, especially as the price is already forming lower highs within the triangle. As such, the longer Bitcoin lingers in this resistance range without a breakout, the higher the likelihood of a rapid downward move.<\/p>\n

Bearish And Bull Targets<\/h2>\n

If Bitcoin were to confirm this breakdown, the analyst noted the first major target around the lower boundary of the support zone, which lies between $105,330 and $103,162. This zone is reinforced by the monthly pivot point and also overlaps with the cumulative long liquidation leverage region. The 1-hour candlestick timeframe chart further highlighted a potential short setup from the reversal zone near $107,100 and a projected target close to $104,300.<\/p>\n

Further downside could pull the price toward the next support band around $102,600 or even down to $101,000, should liquidation pressure persist. Pejman, on the other hand, pointed out that a sustained breakout above the $107,120 resistance line could initiate a bullish reversal and push Bitcoin back towards the heavy resistance cluster above $108,000. A strong daily close above $108,000 could cancel the bearish outlook. <\/a>However, failure to break above here could lead to a rejection and another downside move.<\/p>\n

Although Bitcoin is starting to show some signs of bullishness, <\/a>its price action is still vulnerable to a quick pullback, especially if the tensions in the Middle East continue to unfold. At the time of writing, Bitcoin is trading at $106,638, down 0.02% in the past 24 hours. This subdued price action shows its current consolidation nature.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s recent price activity has been characterized by sharp swings as global uncertainties persist, particularly following the escalation of tensions between Israel and Iran. After plunging by nearly 5% amid the rising geopolitical strain, Bitcoin managed to recover, bouncing back above $105,000 and currently trading around $106,800. The past 24 hours have been highlighted by […]<\/p>\n","protected":false},"author":0,"featured_media":73963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-73962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/73962"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73962"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/73962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/73963"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}