Donald Trump’s latest Truth Social post on the Iran war has renewed fears across global markets, sending investors away from riskier assets such as Bitcoin. As Iran war updates continue to unfold, analysts say the Bitcoin price could face additional selling pressure before its next major rally.
Crypto trader Merlijn The Trader believes another market shakeout could send BTC price toward the $50,000 zone before the next major rally begins.
U.S. President Donald Trump on Truth Social has warned Iran against any attack. On July 10, President Donald Trump posted on Truth Social that “1,000 missiles are locked and loaded” and aimed at Iran.
He warned that thousands more would follow if the Iranian government acted on its alleged threats.
The statement came after reports that Israel shared intelligence with the U.S., claiming Iran had developed a new plot to assassinate Trump. The alleged plan was reportedly linked to senior Islamic Revolutionary Guard Corps commander Ahmad Vahidi.
Bitcoin has often reacted negatively whenever geopolitical tensions increase. Since the conflict intensified earlier this year, Bitcoin has struggled to maintain its upward momentum.
The cryptocurrency fell from around $70,000, before recovering to nearly $82,792 in May as geopolitical tensions eased. However, BTC has since slipped back to around $64,211 as fresh fears returned to the market.
If tensions continue to rise, analysts believe Bitcoin could see another wave of selling before buyers step back into the market.
Crypto analyst Merlijn The Trader believes Bitcoin is still moving through the final phase of its current market cycle before the next major rally begins.
According to his analysis, Bitcoin could see one last decline after facing resistance near $67,000. He expects the price to fall into the $45,000 to $52,000 range before reversing higher.
“Every trap has a job. Every sweep has a target. This one ends where the run begins,” Merlijn wrote.
The trader believes that if Bitcoin later breaks above a key resistance level, the broader uptrend could resume and potentially lead to new all-time highs.
For now, if tensions between the United States and Iran continue to escalate, a correction toward the $50,000-$52,000 range remains a possibility, according to his analysis.
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