Bitcoin, Ethereum, Solana Turn Cautious As US Warns Possible Strike on Iran

Bitcoin (BTC), Ether (ETH), Solana (SOL), and the broader crypto market have stabilized amid rising fears of direct US intervention in the Israel–Iran conflict and fresh inflation warnings from Federal Reserve Chair Jerome Powell.

As of June 19, Bitcoin was fluctuating between gains and losses near the $105,000 level, while the altcoin market held steady in valuation near $1.13 trillion. The broader risk-on market showed signs of depreciation, with Europe’s Stoxx 600 index and the US futures retreating lower.

Over $1B Flows to Bitcoin ETF Despite Middle East Conflict

The crypto market sentiment turned cautious as reports emerged that US officials are preparing for a potential strike on Iran.

Markets were already on edge after the Federal Reserve lowered its growth forecast and projected higher inflation, highlighting how tariff-related uncertainty is complicating efforts to ease monetary policy.

Trump has publicly floated the idea of striking Iran for several days, as the country remains locked in a nearly week-long war with Israel.

Speaking at the White House on June 18, he said he prefers to make the “final decision one second before it’s due,” citing the rapidly evolving situation in the Middle East.

“The chances of US involvement are quite high right now,” said Anna Rosenberg, head of geopolitics at Amundi Investment Institute, adding:

“This could be an opportunity for the US to eliminate a major geopolitical threat—Iran’s potential nuclear ambitions. But any action would carry serious consequences. Trump faces a very difficult decision.”

Bitcoin, Ether, and Solana declined after the Israel-Iran conflict started on June 13.

A week later, these cryptocurrencies rebounded partially from the lows incurred during the sell-off, amid anticipations that the crypto market will grow in the coming weeks, as it has done after the previous Middle East conflicts.

BlackRock’s Report on Bitcoin, S&P 500, and Gold Performance in Geopolitical Crises: Timely Insights Amid Israel-Iran Tensions. pic.twitter.com/alO3tUi0PH

— J. P. Mayall (@jpmayall) June 13, 2025

Institutions have been confident in crypto products, as well.

For instance, the net flows toward Bitcoin-focused investment funds have grown by over $1 billion since June 13, while Ethereum-focused vehicles have attracted $51 million in the same period, according to data resource Farside Investors.

Let’s examine how high or low the top coins, Bitcoin, Ethereum, and Solana, may go, assuming the Middle East conflict worsens with the US’s involvement.

Bitcoin Price Forecast: A Decline Toward $100K Possible By June’s End

Bitcoin is flashing a classic head-and-shoulders pattern on the 4-hour chart, raising the risk of a drop toward the $99,000–$100,000 range. The neckline support near $104,000 is under pressure. If broken, the pattern’s technical target points to around $99,279.

Volume profile data shows heavy resistance near $106,000 and a lack of significant buy interest below $103,000. This low-volume zone could accelerate any breakdown.

At the same time, BTC remains below its 50-period EMA ($105,777) and is struggling near the 20-period EMA ($104,859), signaling continued bearish momentum.

The 14-period RSI reads 46.48 and is trending lower, indicating weakening buying pressure with no bullish divergence in sight.

Unless BTC reclaims key short-term resistance levels, the path of least resistance appears to be down. A confirmed close below $104,000 would likely trigger further selling.

Ethereum Price Forecast: ETH May Break Below $2,500

Ether is also showing a head-and-shoulders pattern on the 4-hour chart, with a neckline near $2,510 under threat. A confirmed breakdown could push ETH toward the $2,336 target, based on the height of the pattern.

ETH trades below its 50 EMA ($2,564.8) and hovers near its 200 EMA ($2,510.8), indicating weakening momentum.

The RSI sits at 46.70 and trends downward, showing a lack of bullish strength. The volume profile also reveals thin support below $2,500, making a sharp move lower and more likely if the neckline fails.

Solana Price Forecast: A 15% Decline Likely

Solana appears to be forming an Adam and Eve double top pattern on the 4-hour chart, with neckline support around $144. A confirmed breakdown below this level could open the door to a drop toward $123.36, based on the pattern’s projected target.

SOL remains below both its 50 EMA ($150.49) and 200 EMA ($156.02), reinforcing the bearish outlook.

The RSI sits at 39.99 and continues to decline, showing mounting selling pressure. The volume profile indicates a lack of strong support below $142, increasing the risk of a sharp move lower if $144 fails.