Bitcoin briefly fell below $100,000 for the first time since early May, to $98,500, amid geopolitical tensions following the US airstrike on Iranian nuclear facilities.
However, the decline was short-lived, as prices recovered to $101,000 early in Monday's Asian trading session.
BitMEX co-founder Arthur Hayes remains optimistic, stating on X that the "weakness shall pass" and that Bitcoin will consolidate its status as a safe-haven asset, driven by continued money printing by central banks.
Meanwhile, Markus Thielen of 10x Research noted that as long as Bitcoin remains above $98,000 (short-term realized price) and $102,000 (trend support), traders can still find opportunities for a rebound.