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- Iran Just Dropped a Bomb on Bitcoin: What’s Next After Prices Crash to $60k?
Iran Just Dropped a Bomb on Bitcoin: What’s Next After Prices Crash to $60k?
How to Trade This Market Fallout and Prepare for the Next Move
Yesterday, a friend called me, panicking: "Iran just dropped a bomb on Bitcoin! Prices are crashing—should I sell?"
Now, let me be clear—I don’t support war, and this is definitely not my ideal way of talking about a market crash.
But when Bitcoin drops to $60k, it’s easy to feel like running for the exits.
Here’s the thing: market chaos often leads to the perfect setup for your next big trade.
I know many of you might think, "This is too risky, I'll just lose more money."
But if you’re here, it’s because you want higher returns. With the right strategies, you can turn this chaos into profit.
By the end of this article, I’ll show you what I’m personally doing in times like this to make the most out of the market.
Stick around—this could be your next big profitable move!
Crypto Market Chaos: What You Need to Know
If you’re a traditional investor moving into crypto, buckle up because the last few days have been wild. Here’s the breakdown:
1. Bitcoin Drops to $60k
In a shocking turn, Bitcoin tumbled nearly 5% to $60,834 after Iran’s missile attack on Israel.
Ether fell even harder, dropping over 6% to $2,450, and other cryptos, including Solana and Dogecoin, also took steep dives.
The entire market shed 4.7% in a single day, bringing the total crypto market cap down to $2.14 trillion.
While it’s easy to get spooked by these numbers, remember: volatility equals opportunity.
2. Why Crypto Was Hit Harder Than Stocks
While crypto plummeted, traditional assets fared better. The S&P 500, for example, only fell 1% compared to Bitcoin’s 4% drop.
Crypto is far more sensitive to global instability, and investors quickly adopt a "risk-off" stance during times like these.
This volatility is exactly the reason why I like to trade crypto over other instruments.
However, there’s still resilience in the market. If you play it right, you can use this timing to your advantage and swing trade on the volatility.
3. Could Bitcoin Hit $57k?
Analysts believe Bitcoin could fall to $57,000 if tensions between Israel and Iran escalate.
It’s important to remember that the crypto market is often manipulated by big institutions and whales, so this drop may not be the end of the story.
On the flip side, the long-term outlook remains bullish due to potential US rate cuts and China’s injection of liquidity into global markets.
This dip could be the perfect entry point for swing traders.
My Take
Despite the geopolitical chaos, I see this as a strong opportunity for my swing trades. Volatility is a trader’s best friend—if you know how to navigate it.
I’m waiting for Bitcoin to touch that $57k level before making a move.
With potential rate cuts and liquidity injections, I’ll be looking for a reversal pattern between $57k and $58k as my signal to enter the market.
These prices happened to be my first demand zone I shared in yesterday’s article.
How I Will Trade BTC
Here’s my game plan: Yesterday, I’ve identified my first demand zone around the $57k to $58k range.
I’ll place a limit order there and wait for the price to hit.
If I’m feeling more aggressive, I may even scalp my way down to $58k to catch smaller moves and maximize my returns.
This strategy allows me to ride the momentum while minimizing my risk.
Swing Trading Using Demand Zones
A demand zone is a price area where buyers (the "smart money") have shown significant interest, leading to a sharp price increase.
These zones are key for swing traders. When the price revisits this area, it’s a signal to look for a buying opportunity.
Demand zones represent institutional buying, and price often reverses sharply after reaching these levels.
By identifying and trading off demand zones, you align with smart money, increasing your chances of a successful trade.
Keep an eye on Bitcoin’s next visit to a demand zone as a potential entry point.
About That Smart Money Course I Mentioned
I talked about this Smart Money Concepts course yesterday, and if you missed it, here’s why I recommend it.
It’s helped over 22,000 traders like you and me, teaching strategies used by institutional traders to spot profitable market moves.
The course has a 30-day money-back guarantee and lifetime access, so there’s really no risk in checking it out.
If you want to stop guessing and trade with confidence, this course can help you get there.
Final Thoughts
The crypto market may be volatile, but with the right strategies, you can still trade confidently and profitably.
If you found this article useful, share it with your friends and subscribe to Crypto Profit 101 to get more actionable insights and updates.
Let’s trade smarter, together.
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Disclaimer:
This post is for educational purposes only and is not intended as financial advice. The strategies and opinions shared are based on personal experiences and should not be interpreted as recommendations to buy, sell, or trade any assets. Always do your own research or consult with a licensed financial advisor before making any investment decisions.
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