Watch These Bitcoin Price Levels Amid Volatile Trading After U.S. Strikes Iran
Key Takeaways
- Bitcoin briefly fell below $99,000 on Sunday to its lowest level in more than six weeks as news that the U.S. had struck Iranian nuclear sites caused investors to reassess their appetite for risky assets.
- After trending sharply higher between early April and late May, the cryptocurrency has consolidated within a descending channel.
- Investors should watch crucial support levels on Bitcoin’s chart around $100,000 and $92,000, while also monitoring resistance levels near $107,000 and $112,000.
Bitcoin (BTCUSD) briefly fell below $99,000 on Sunday as news that the U.S. had struck Iranian nuclear sites caused investors to reassess their appetite for risky assets.
The digital currency moved as low as $98,200 on Sunday…
