As the Middle East conflict increases, the dominance of Bitcoin breaks before – under the pressure of Altcoins

Bitcoin officially lost $ 103,600 support after shocking geopolitical developments. The US army reportedly launched attacks on Iran’s nuclear facilities and triggered widespread panic and risk -taking in financial markets. The crypto area was not an exception. Bitcoin, which has been above key support for weeks, has been rapidly sold as fear traders and investors.

This fault points to a change in emotion. The bulls have lost control of short -term momentum, and the wider market is prepared for a potential decrease below a critical $ 100,000 psychological level. Without a sign of relaxation, it may continue to sell pressure unless there is a strong demand close to the range bastards.

High -level analyst Carl Runefelt said that Bitcoin dominance (BTC.D) exceeded the previous height, which showed that subcoins were under pressure in Bitcoin bleeding. This capital concentration in Bitcoin can be interpreted as a flight to relative security in the crypto ecosystem, but also emphasizes increasing uncertainty and lack of confidence in higher -risk jets.

Bitcoin confronts very important tests as he approaches $ 100 thousand

Bitcoin is at a critical point because it flirts with a malfunction below a psychological $ 100,000 sign. After weeks are held above this level, the market begins to show signs of fatigue. Nevertheless, despite the sales pressure, the bulls have managed to defend the $ 100,000 threshold for now and show that it constitutes a new support base. A continuous waiting above this level can trigger a sharp healing and potentially revitalize the momentum towards the previous heights.

However, the macroeconomic floor is quite variable. While rising US Treasury returns continue to tighten liquidity conditions, the decision to protect the Federal Reserve’s interest rates adds more uncertainty. Meanwhile, increasing conflicts in the Middle East, including the latest attack on the US nuclear facilities in Iran, injected fear into global markets. Bitcoin historically responded to geopolitical risk -mixed behaviors – sometimes a safe shelter, which serves as a safe shelter, avoiding a wider market risk at other times.

In addition to complexity, Carl Runefelt It has been noted recently This Bitcoin domination was broken just above the previous height. This shows that the capital focuses on Bitcoin and that the subcoins are subjected to more severe losses. Shift reflects the increasing warning in the market and investors prefer relative security perceived on speculative risk. Whether this capital rotation will ultimately feed another foot for Bitcoin – or mark the beginning of a wider fall trend – it will be seen in the coming days.

Bitcoin has been traded above $ 100,000 since the beginning of June, which shows that the price can try to balance this range. Nevertheless, the lack of recovery of the highest level of all time close to $ 112,000 continues to limit the acceleration of the rise. If the Bears forces a break of less than $ 100,000, the next support may not appear up to 94 thousand dollars – up to $ 95,000.

BTC Price Analysis: BULLS defends critical support

Bitcoin is currently trading at $ 102.506 and reaches $ 100,000 just above the lock support zone. The graph shows that BTC failed multiple times to break the resistance level of $ 109,300, and this shows that a gradual decline and sales pressure increases. The area of ​​$ 103,600, which had previously acted as a support, has now disappeared and confirmed its weakness in the short -term rise acceleration.

In the 3 -day graph, the price remains above all large moving averages, including 50, 100 and 200 SMA, and shows that the macro trend is still intact. However, as the price is combined, the volume decreases and it is hesitant among market participants. A decisive movement – either a jump from $ 100 thousand or a malfunction below – can set tons for the next stage of Bitcoin’s trend.

The price action shows that BTC is a new local range of $ 100,000 to $ 109,000. If Bulls manages to keep $ 100,000 and rise to $ 103,600 in the next sessions, the heights can follow a re -test. On the Flip side, a continuous movement below $ 100 thousand can open the door for a sharper correction to $ 95,000 in the short term or even to $ 92,000. The war between market observers, bulls and bears closely follows this level as it concentrates.

The prominent picture from DALL-E, tradingView graphics

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