{"id":31810,"date":"2025-06-13T19:48:52","date_gmt":"2025-06-13T19:48:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31810"},"modified":"2025-06-13T19:48:52","modified_gmt":"2025-06-13T19:48:52","slug":"bitcoin-bounces-to-106k-after-iran-israel-jitters-but-analysts-warn-of-deeper-pullback","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31810","title":{"rendered":"Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback"},"content":{"rendered":"
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The crypto market is slightly bouncing back from early Friday\u2019s jitters on escalating conflict between Israel and Iran.<\/p>\n

After slumping to the $102,600 mark, bitcoin BTC rebounded to around $106,000 before fading lower in the U.S. afternoon hours with reports<\/a> 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.<\/p>\n

Meanwhile, the CoinDesk 20<\/a> \u2014 an index of the top 20 cryptocurrencies by market capitalization, excluding memecoins, stablecoins and exchange coins \u2014 has lost 4.4% in the same period of time. Tokens such as ether ETH, avalanche AVAX and toncoin TON were the hardest hit, slumping between 6% and 8%.<\/p>\n

Crypto stocks, however, aren\u2019t 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<\/a> adding to the momentum.<\/p>\n

Traditional markets don\u2019t 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.<\/p>\n

What’s next for bitcoin?<\/h3>\n

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

On the longer timeframe, some analysts see risks of a deeper pullback.<\/p>\n

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.<\/p>\n

\"(10x<\/p>\n

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.<\/p>\n

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.<\/p>\n

\"(John<\/p>\n

He said the $90,000 level could offer a favorable entry for opportunistic investors before BTC resumes its uptrend.<\/p>\n

“Once this pattern has played out, the next move higher to the $130,000 area is expected to begin,” he said.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The crypto market is slightly bouncing back from early Friday\u2019s jitters on escalating conflict between Israel and Iran. After slumping to the $102,600 mark, bitcoin BTC 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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31810","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31810"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31810\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}