$BTC Bitcoin plunged nearly 10% today, dropping to a low of $BTC $98,460 before slightly recovering to around $101,482. The sudden crash was largely driven by rising geopolitical tensions, especially the escalating conflict between Israel and Iran, which triggered massive fear across global markets. Over $1 billion worth of long positions were liquidated as Bitcoin broke below its key $100K support zone. Technical indicators confirmed bearish momentum, with MACD, RSI, and Stochastic RSI all showing oversold signals. Unless $100K holds, analysts warn Bitcoin could dip further to $95K or even $92K. However, if tensions ease and market confidence stabilizes, a rebound towards $105K or higher remains possible in the short term. Despite the volatility, long-term fundamentals remain strong, with institutional interest and ETF developments continuing to support a bullish outlook.$BTC
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