Analyst Predicts Bitcoin's Value Could Drop Below $80K Due to Increasing Conflict and Major Holder Sales

Bitcoin (BTC) has been struggling for over two months, with its value dropping below $75,000 during the global trade war initiated by former US President Donald Trump. Although political tensions have eased, recent geopolitical events such as Israel's Operation Rising Lion and Iran's retaliatory Operation Vow of Truth 3 have added to the uncertainty.

This has directly impacted Bitcoin's price, with its value plunging from $108,500 to under $103,000 in a matter of hours following Israel's attack. Ali Martinez, a popular crypto analyst, warns that Bitcoin needs to maintain a six-digit price to avoid falling below $80,000. Furthermore, large Bitcoin holders, or 'whales,' have begun selling off portions of their holdings, potentially leading to increased selling pressure on Bitcoin.