Bitcoin’s price has taken a significant dive, and experts are weighing in on what this means for the future of the cryptocurrency.
Geopolitical Tensions and Market Reactions
Recent conflicts between Iran and Israel have rattled financial markets, and the crypto market is feeling the impact. Bitcoin, which had comfortably sat above the $100,000 mark for a while, has lost that key support level and is heading downwards. Analysts see major support only in the $80,000-$90,000 range.
Analyst Prediction: A Drop Below $90,000?
Crypto analyst Master Ananda paints a bearish picture. While the $100,000 support held for a time, the market’s recent weakness, including over $1 billion in liquidations, suggests a continued downturn. The weekly chart, according to Ananda, shows no positive signs. The current price action appears to be a continuation of the bearish trend that started after Bitcoin hit its peak of $111,900 on May 19, 2025.
Ananda predicts that Bitcoin could fall below $90,000. The first significant support level is around $88,888. If that breaks, a further drop to $82,500 is possible before any significant bullish rebound.
A Glimmer of Hope: Staying Above $100,000
Despite the bearish outlook, there’s a chance Bitcoin could hold above $100,000. If this happens, Ananda predicts a sharp upward movement, potentially retesting the $108,000 level.
The Timeline
Ananda believes the market will clarify its direction within two weeks.
The Analyst’s Final Thoughts
Despite the volatility, the analyst maintains a long-term optimistic view. They encourage investors not to panic, emphasizing Bitcoin’s potential for growth in the long run.
