Bitcoin (BTC) price has fallen below the psychological support level of $100,000 (approximately 139 million won). Last weekend, news of the US striking Iranian nuclear facilities shocked the market, putting downward pressure on Bitcoin and major altcoins. Investors are strengthening their preference for safe-haven assets due to concerns that the situation could worsen.
Crypto trader Cas Abbe analyzed on X that Bitcoin could potentially drop to the $93,000-$94,000 range (approximately 129.27-130.66 million won). However, he did not rule out the possibility of a technical rebound at this point.
Bitcoin's weakness spread to major altcoins such as Ethereum (ETH), XRP, Solana (SOL), and HYPE. These coins were pushed below their support levels, entering a deeper correction phase. This suggests that the current market's investment sentiment has noticeably contracted, indicating a short-term risk-averse tendency.
Market recovery depends on the direction of US stock futures. Whether Bitcoin can rebound at a specific price point or continue falling will become clearer before Monday's market opening.
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