Bitcoin's price has dipped below $102,000 following confirmation of US strikes on Iran's nuclear facilities by President Donald Trump. This has raised concerns among traders about a potential local bottom and further declines. Historical analysis indicates that BTC has often rebounded from war-related news; for instance, following conflicts in 2022 and 2024, Bitcoin experienced significant recoveries. Traders speculate that a key support level exists around $97,000, with some forecasts suggesting a possible drop to the low $90,000s before any reversal can occur. Notably, the crypto market is on track for its lowest weekly close since early May, as traders navigate through geopolitical uncertainties and their impact on Bitcoin's prices. Overall, while immediate fears push prices down, there is cautious optimism that geopolitical turmoil could also serve as a catalyst for future price increases.

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