Bitcoin's reaction to news of U.S. intervention in the Middle East conflict
On June 22, reports from PANews covered an event leading the cryptocurrency market. According to TinTucBitcoin, Bitcoin's reaction after the United States confirmed direct intervention in the Israel-Iran conflict caused significant volatility. The price of Bitcoin quickly dropped below 102,000 USD, reflecting a defensive sentiment in the investor community. This situation illustrates the market's sensitivity to international political factors.
Expert opinion: Short-term Bitcoin price outlook
Analyst Cas Abbe predicts: “Before hitting a bottom and recovering, Bitcoin's price may drop to 93,000-94,000 USD. However, the likelihood of a deeper decline to around 90,000 USD is only about 20%-25%.” He emphasized Bitcoin's price increase over a 35-day period following the outbreak of the Russia-Ukraine conflict, which led to a 42% price increase. The current market remains in a sustainable growth cycle, expected to continue advancing further as geopolitical market factors stabilize.
The impact of international conflict on the cryptocurrency market
In the context of global instability, cryptocurrency prices often respond quickly. Investors are concerned about the possibility of Bitcoin repeating its previous feat, when it unexpectedly surged 42% in a short 35 days. This demonstrates the strength of the digital currency in reflecting political and energy fluctuations. The shift from traditional markets to Blockchain is becoming increasingly clear amid rising international instability.
Frequently asked questions about upcoming Bitcoin price trends
Will Bitcoin be able to hold the 100,000 USD threshold when geopolitical markets are unstable? Predictions suggest that the lowest point could be around 93,000-94,000 USD—if the situation worsens. However, the likelihood of the market recovering and maintaining growth momentum is also very high, based on historical data regarding cryptocurrency price reactions during global crises. Investors should closely monitor the developments of political and energy factors to make the most accurate decisions.
Source: https://tintucbitcoin.com/chuyen-gia-du-doan-bitcoin-giam-con-90k/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to keep updated with the latest news on the cryptocurrency market and not miss any important information!
