BlockBeats reported that on June 16, BTC Markets cryptocurrency analyst Rachael Lucas expressed her market analysis opinion: "Geopolitical instability, such as the recent attacks by Israel on Iranian nuclear facilities, led to a brief drop of 4% in Bitcoin, highlighting Bitcoin's sensitivity to safe-haven events. Nevertheless, as investors use it as a geopolitical hedge, Bitcoin often rebounds quickly. The recent breakthrough of the resistance level at $106,406 indicates that bullish momentum continues, with the next major target being the historical high."
Vincent Liu, Chief Information Officer of Kronos Research, stated that once the international situation stabilizes, strong global liquidity and institutional demand may lay the foundation for a breakout in Bitcoin.
