Bitcoin Plunges Over 7% in Three Days — Is the $100,000 Level About to Collapse?
TradingKey – Bitcoin has been on a three-day losing streak, raising concerns about whether it can hold the critical $100,000 support level.
On Friday, June 13, the crypto market saw a sharp sell-off, with Bitcoin (BTC) dropping over 3%, once again approaching the $100,000 psychological threshold. Over the past three days, BTC has fallen more than 7%, sliding from $110,000 to $102,000.
Bitcoin Price Chart – Source: TradingView.
The decline was largely triggered by Israel’s airstrikes on Iran, which sent risk assets tumbling. Bitcoin reacted negatively to the geopolitical uncertainty, mirroring broader market sentiment. However, $100,000 remains a strong support level for BTC.
Despite the short-term impact of Middle East tensions, analysts suggest that Bitcoin’s downturn may be driven more by uncertainty surrounding Trump’s trade policies. If trade conditions do not deteriorate further, BTC could still stage a rebound.
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