🚨 *Bitcoin Faces Pressure Amid Rising India-Pakistan Tensions*
Geopolitical tensions between India and Pakistan have escalated following a deadly attack in Kashmir, with both nations taking retaliatory measures. Pakistan claims to have "credible intelligence" of an imminent Indian military strike within 24 to 36 hours, prompting fears of a broader conflict. This uncertainty has led to increased volatility in global markets, including cryptocurrencies.
Historically, Bitcoin has shown mixed reactions to geopolitical crises. While some investors view it as a safe haven, others retreat to traditional assets like gold during periods of heightened risk. Analysts suggest that if tensions continue to rise, Bitcoin could test support levels around 60,000 or even dip to55,000.
However, some experts see potential buying opportunities amid the downturn. Standard Chartered's Geoffrey Kendrick believes that a drop below 60,000 could be temporary, with Bitcoin possibly reaching250,000 by 2025, assuming favorable market conditions and increased institutional adoption.
As the situation unfolds, investors are advised to stay informed and exercise caution. The next 48 hours are critical in determining the market's direction.
