In the wake of U.S. airstrikes on Iranian nuclear facilities, Bitcoin remained relatively stable, trading at $102,700 as of Saturday morning. The strikes, confirmed by President Donald Trump via Truth Social, targeted key sites including Fordow, Natanz, and Esfahan, escalating geopolitical tensions in the Middle East.
According to Bitzo, Bitcoin briefly dipped to $100,979 before recovering, reflecting cautious investor sentiment. The broader crypto market, however, saw sharper declines, with Ethereum falling below $2,100.
Bitcoin Price Steady Amid Rising Global Tensions
Despite the military escalation, Bitcoin’s price range held between $100,945 and $103,939. Analysts noted that while the flagship cryptocurrency showed resilience, short-term technical indicators suggest a bearish outlook.
As reported by CryptoTips.eu, Bitcoin remains in a consolidation phase, with no clear breakout in sight.
“There’s still about $200 million in liquidity above the current price,” one analyst noted, “but geopolitical uncertainty is keeping traders on edge.”
Market Sentiment Mixed as Bitcoin Faces Bearish Signals
Although Bitcoin’s price stability may appear reassuring, traders remain wary. The 12-hour chart shows a prolonged sideways trend, and analysts warn that further volatility could emerge if tensions escalate. Meanwhile, altcoins like Ethereum and Solana have suffered steeper losses, indicating a broader risk-off sentiment.
Bitcoin’s Role as a Safe Haven Questioned
While Bitcoin is often touted as a hedge against traditional market shocks, recent events suggest that in moments of acute geopolitical risk, liquidity takes precedence. As FalconX’s Sean McNulty explained, “In moments of kinetic military conflict, traders raise cash, rotate into dollars, and reduce leveraged or volatile exposure”.
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