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Crypto Market Faces Sharp Pullback Amid Global Tensions and Technical Signals
Geopolitical shocks and weakening technical setups are driving heavy selling in the crypto market. Bitcoin and Ethereum face key levels, while market sentiment teeters between correction and consolidation.
Joe G & Money Talks
June 13, 2025 • Estimated Reading Time: 5 minutes
Rising geopolitical tensions shake risk markets, dragging crypto prices lower.
Market cap drops 4%: The total crypto market value fell to $3.24T following Israel’s attack on Iran.
$1.15B liquidated: Over $1B in long positions were wiped out in 24 hours, sparking further panic.
Bull flag still intact: Despite the drop, the market’s structure suggests the broader uptrend may still hold.
“The market appears to be pricing in a new war,” said The Kobeissi Letter as investors rushed into gold and oil.
Israel strikes targeted Iran's nuclear program and "dozens of targets" across different areas, Israeli military official says
— CNN (@CNN)
12:58 AM • Jun 13, 2025
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Bitcoin Hits Resistance, Bollinger Flags End of Uptrend
A key technical indicator hints Bitcoin’s rally may be running out of steam.
First posted about the W in $BTCUSD on April 10th. Here's that annotated chart I promised. Three Pushes now confirmed.
— John Bollinger (@bbands)
9:40 PM • Jun 12, 2025
BTC rejected at $110K: Bitcoin has repeatedly failed to stay above upper Bollinger Bands.
Three-push pattern complete: Analyst John Bollinger says this classic signal may mark the end of the recent uptrend.
Volatility risk rising: Tightening bands often precede major price swings.