Bitcoin Down But Not Out—Analyst Sees Recovery | Crypto News
Bitcoin briefly slid to $98,974 late on Sunday after US airstrikes focused Iranian nuclear amenities. That was its weakest level since early May.
But by Monday morning in Asia, the main cryptocurrency topped $101,000 again. Traders are weighing whether or not this was just a hiccup or the beginning of a contemporary development.
Arthur Hayes Sees Temporary Weakness
According to Arthur Hayes, co-founder of BitMEX, the autumn is only a short pause. On X, he wrote that “weakness shall pass” and predicted Bitcoin will “leave no doubt as to its safe haven status.”
He mentioned contemporary money printing by central banks would be the fundamental power driving costs back up. His view suggests that huge dips can flip into shopping for possibilities when broader liquidity is rising.
Do you hear that? … it’s the sound of the money printers revving up to do their patriotic obligation. This weak point shall move and $BTC will depart no doubt as to its protected haven standing. pic.twitter.com/PTfZaAXFp7
— Arthur Hayes (@CryptoHayes) June 22, 2025
Market Dips On Geopolitical News
Based on studies, it was US strikes on Iran that triggered the initial slide. The price drop occurred late Sunday, pushing Bitcoin below six figures for the first time since early May.
Yet consumers stepped in shortly, snapping up cash and lifting the price back above $101,000 during the first hours of trading in Asia. That sample reveals how headline shocks can spark fast strikes, but also how shortly sentiment can flip.
Altcoins Take A Hit
Meanwhile, over the previous 12 hours, most altcoins fell about 1.4%, dragging complete crypto market cap down by roughly $50 billion to $3.20 trillion, according to information. Experts anticipate that development to reverse once main headlines calm down.
Market analysts identified that altcoins may begin to outperform if macro dangers ease. They mentioned smaller tokens are already displaying indicators of energy, even as Bitcoin stalls.
Key Technical Levels Hold
Traders are watching two key strains: the short-term realized price at $98,000 and the development help at $102,000. The realized price displays the average breakeven level for holders, so it usually acts like a ground.
The $102,000 has capped rallies over the previous weeks. As long as Bitcoin stays in that $98,000–$102,000 vary, there are possibilities for fast rallies. But a break below $98,000 might power more focus on cutting losses.
Featured image from Imagen, chart from TradingView
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