Bitcoin Plummets 10% Amid Middle East Uncertainty

Coin WorldThursday, Jun 19, 2025 6:06 am ET
1min read

Bitcoin has experienced a significant downturn at the start of the new week, driven by uncertainties surrounding the escalating conflict in the Middle East. The crypto market has been inundated with pessimism, with many analysts predicting that Bitcoin will struggle to reach new all-time highs after failing to reclaim the $111,000 mark. Despite the ongoing market decline, crypto analysts continue to forecast further crashes for the

, with some anticipating a breach of the psychological level at $100,000.

Crypto analyst TehThomas had previously predicted the Bitcoin price crash from the $108,000 territory, suggesting that the digital asset needed to fill Fair Value Gaps (FVG) at lower levels before it could continue its upward trajectory. Recently, the analyst reiterated his stance as the price began to fall back toward $100,000. Thomas explained that Bitcoin was already showing signs of exhaustion, attributing the crash to a loss of $108,500. At this level, the price's failure to break out higher indicated that the initial surge was a takeout, and the true direction was downward. The initial bullish move was seemingly a way for an internal liquidity grab while clearing out breakout buyers at the same time.

Now, the Bitcoin price has broken below an important

at $105,000 after a successful retest. The analyst explains that this aligns with the 50% equilibrium of the high-to-low range, indicating that the asset remains bearish and could continue to decline from here. The main levels to watch were initially at $104,600, but the Bitcoin price had first broken below this level on Tuesday. If the decline continues, the next major level investors are looking at is $102,800, where support now lies for the cryptocurrency.

In addition to Thomas, crypto analyst Xanrox has also predicted further price crashes for Bitcoin. He points out that the formation of a bull flag does not guarantee a continued rise in price, as the flag could very well break. If this happens, the analyst sees the Bitcoin price dropping to $100,000. Unlike Thomas, Xanrox places his support levels at the much lower price of $88,000, suggesting a major price crash from the current levels. “When we look at the current price action, it looks like a bullish flag consolidation pattern,” the analyst said. “In this case, we will probably see multiple liquidity sweeps below the previous swing lows to kick out early longs.”

Another analyst, Doctor Profit, has also turned bearish, predicting a decline below $100,000. In a post, the crypto analyst stated that the Bitcoin price is likely to fall to the $94,000-$95,000 level before seeing a bounce from there. Therefore, the analyst has advised investors to prepare for more red candles.