On June 23, Bitcoin's price fell 12% from its all-time highs, dropping below $100,000 for the first time since May 8. The cryptocurrency's price fluctuated, reaching a low of $98,240 after a 5% decline on June 22. The price dip was influenced by geopolitical uncertainties, particularly US airstrikes on Iranian nuclear facilities, prompting a significant liquidation across the derivatives market, totaling $672 million. Following the drop, buyers re-entered the market around the $99,300-$98,500 range but further price moves may occur as liquidity concerns persist between $98,000 and $97,000. A key concern is a potential bearish breakdown, as a daily close below $93,000 could indicate further declines toward a target of $74,730. The Relative Strength Index (RSI) shows a decline, indicating building downward momentum. As Bitcoin approaches critical support levels, market participants remain watchful of the evolving geopolitical landscape and its impact on prices.

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