Close Menu
Earth & BeyondEarth & Beyond

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Kingston Vernes Joins Hulu Pilot

    Man Utd winger Alejandro Garnacho sets his sights on joining Chelsea with Nicolas Jackson possibly heading to Old Trafford – Paper Talk | Football News

    Shopify Rebellion exits Dota 2 esports scene

    Facebook X (Twitter) Instagram
    Earth & BeyondEarth & Beyond
    YouTube
    Subscribe
    • Home
    • Business
    • Entertainment
    • Gaming
    • Health
    • Lifestyle
    • Sports
    • Technology
    • Trending & Viral News
    Earth & BeyondEarth & Beyond
    Subscribe
    You are at:Home»Business»Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback
    Business

    Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback

    Earth & BeyondBy Earth & BeyondJune 14, 2025003 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Bitcoin Bounces to 6K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The crypto market is slightly bouncing back from early Friday’s jitters on escalating conflict between Israel and Iran.

    After slumping to the $102,600 mark, bitcoin

    rebounded to around $106,000 before fading lower in the U.S. afternoon hours with reports about a fresh wave of airstrikes targeting Iran. The top cryptocurrency was down 1.6% in the last 24 hours, changing hands at $105,200 and still less than 6% shy of its all-time high price.

    Meanwhile, the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding memecoins, stablecoins and exchange coins — has lost 4.4% in the same period of time. Tokens such as ether

    , avalanche and toncoin were the hardest hit, slumping between 6% and 8%.

    Crypto stocks, however, aren’t doing too hot. Most equities are in the red, especially bitcoin miners MARA Holdings (MARA) and Riot Platforms (RIOT), down 5% and 4% respectively. A notable exception is stablecoin issuer Circle (CIRCL), which is still benefiting from the windfall of its recent IPO; the stock is up 13% today, with news of retail giants Amazon and Walmart reportedly exploring stablecoins adding to the momentum.

    Traditional markets don’t seem overwhelmingly concerned by the war. While gold is up 1.3%, potentially gearing up for new all-time highs, the S&P 500 and Nasdaq are only down 0.4% each.

    What’s next for bitcoin?

    “Nice bounce thus far and lack of follow-through lower,” well-followed crypto trader Skew said in a Friday X post. Market participants will likely remain cautious through the weekend with BTC tightly correlated with traditional markets amid heightened geopolitical risks, Skew added.

    On the longer timeframe, some analysts see risks of a deeper pullback.

    10x Research founder Markus Thielen noted that BTC’s drop below $106,000 translates to a failed breakout, and traders should wait for more favorable setups before rushing to buy the dip.

    (10x Research)

    (10x Research)

    He highlighted the $100,000-$101,000 zone as key support, warning that a break below could mark a return to the broader consolidation phase similar to last summer.

    John Glover, chief investment officer at bitcoin lender Ledn, argued that bitcoin entered a corrective phase from its record highs that could see the largest digital asset drop to $88,000-$93,000.

    (John Glover, Ledn/TradingView)

    Bitcoin’s potential corrective phase in a larger uptrend, per John Glover (Ledn/TradingView)

    He said the $90,000 level could offer a favorable entry for opportunistic investors before BTC resumes its uptrend.

    “Once this pattern has played out, the next move higher to the $130,000 area is expected to begin,” he said.

    106K Analysts Bitcoin Bounces Deeper IranIsrael Jitters Pullback warn
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleRyan Murphy Teases Sarah Paulson’s ‘AHS’ Return
    Next Article Anne Wojcicki is taking back control of 23andMe
    Earth & Beyond
    • Website

    Related Posts

    Jury Set to Begin Deliberations as Roman Storm’s Money Laundering Trial Draws to Close

    July 30, 2025

    DOJ drops charges against Fat Brands, Andy Wiederhorn

    July 30, 2025

    XRP Futures Volume on Kraken Eclipses Sol for 1st Time as Price Soars to Record

    July 30, 2025
    Leave A Reply Cancel Reply

    Latest Post

    If you do 5 things, you’re more indecisive than most—what to do instead

    UK ministers launch investigation into blaze that shut Heathrow

    The SEC Resets Its Crypto Relationship

    How MLB plans to grow Ohtani, Dodger fandom in Japan into billions for league

    Stay In Touch
    • YouTube
    Latest Reviews

    Jury Set to Begin Deliberations as Roman Storm’s Money Laundering Trial Draws to Close

    By Earth & BeyondJuly 30, 2025

    DOJ drops charges against Fat Brands, Andy Wiederhorn

    By Earth & BeyondJuly 30, 2025

    XRP Futures Volume on Kraken Eclipses Sol for 1st Time as Price Soars to Record

    By Earth & BeyondJuly 30, 2025

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    Most Popular

    Bitcoin in the bush – crypto mining brings power to rural areas

    March 25, 202513 Views

    Israeli Police Question Palestinian Director Hamdan Ballal After West Bank Incident

    March 25, 20258 Views

    How to print D&D’s new gold dragon at home

    March 25, 20257 Views
    Our Picks

    Kingston Vernes Joins Hulu Pilot

    Man Utd winger Alejandro Garnacho sets his sights on joining Chelsea with Nicolas Jackson possibly heading to Old Trafford – Paper Talk | Football News

    Shopify Rebellion exits Dota 2 esports scene

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Earth & Beyond.
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms and Conditions
    • Disclaimer

    Type above and press Enter to search. Press Esc to cancel.

    Newsletter Signup

    Subscribe to our weekly newsletter below and never miss the latest product or an exclusive offer.

    Enter your email address

    Thanks, I’m not interested