By analyzing the #Bitcoin chart on the weekly timeframe, we can see that after rallying to $111,980 and printing a new all-time high, price faced a correction down to $100,000.
Currently, Bitcoin is trading around $105,700, and with geopolitical tensions escalating, particularly the risk of war, we could see further downside — potentially taking price as low as $90,000.
However, if BTC manages to hold above the $100,000 level, there’s a strong chance we’ll see a short-term rally toward $120,000.
This analysis will be updated as the situation evolves. Stay tuned!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Currently, Bitcoin is trading around $105,700, and with geopolitical tensions escalating, particularly the risk of war, we could see further downside — potentially taking price as low as $90,000.
However, if BTC manages to hold above the $100,000 level, there’s a strong chance we’ll see a short-term rally toward $120,000.
This analysis will be updated as the situation evolves. Stay tuned!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Note
Bitcoin's recent correction comes amid heightened geopolitical tensions, particularly the escalating conflict between Iran and Israel. Such global instability tends to trigger risk-off sentiment, which may pressure crypto markets in the short term.As long as BTC holds above the $100,000 psychological level, the broader bullish structure remains intact. However, a sustained breakdown below this level could accelerate selling toward the $90,000 support zone.
With volatility on the rise, traders should stay cautious and closely monitor both macro developments and key technical levels.
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⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ JOIN THE VIP : t.me/PriceAction_ICT/5946
⚜️ Contact Me : t.me/ArmanShabanTrading
💥Join BitMart Exchange – Ultra Low Fees : bitmart.com/invite/c5JVJK/en-US
⚜️ JOIN THE VIP : t.me/PriceAction_ICT/5946
⚜️ Contact Me : t.me/ArmanShabanTrading
💥Join BitMart Exchange – Ultra Low Fees : bitmart.com/invite/c5JVJK/en-US
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.