Bitcoin\u2019s reaction to escalating geopolitical tensions over the weekend was limited, even as traditional markets reacted more sharply. BTC slipped to around $65,500 on Monday after trading in a volatile range between roughly $63,000 and $68,000, as markets responded to rising US-Iran tensions and reports that Iran\u2019s Supreme Leader, Ayatollah Ali Khamenei, was killed in a joint US-Israeli airstrike.<\/p>\n
Despite the intense, volatile backdrop, market commentators say that the conflict has not changed Bitcoin\u2019s trajectory.<\/p>\n
In a post on X, Mr. Wall Street stated<\/a> that \u201cnothing changed with the new war.\u201d He said that he does not believe the cycle bottom is in at $60,000. According to him, the cycle bottom will form later this year, around $45,000, but only after Bitcoin first rallies to the $80,000-$85,000 range.<\/p>\n The analyst\u2019s outlook is bullish in the short term, bearish in the mid-term. This indicates that while geopolitical shocks may create volatility, he does not believe they invalidate the expectation of a near-term pump followed by a deeper corrective phase. Another prominent crypto market commentator, Doctor Profit, also maintained that the war does not alter his broader bearish positioning.<\/p>\n He wrote<\/a> that Bitcoin \u201cremains in an absolute high risk zone\u201d and that the market has not bottomed yet.<\/p>\n \u201cThe war changes nothing in my bearish outlook for Crypto and Stocks.\u201d<\/p>\n He also added that he remains fully bearish and that his \u201cbig short\u201d has remained open since September. Both analysts, despite differing on short-term direction, emphasized that the geopolitical escalation has not fundamentally changed their pre-existing market theses.<\/p>\n Trader CrypNuevo said<\/a> the market had already been pricing in the US-Iran conflict throughout the previous week. He went on to explain that markets cannot fall much further because the event was largely anticipated<\/a>, but pointed to uncertainty around the length of the war and the status of the Strait of Hormuz. According to them, stock futures, which Bitcoin tends to follow, would probably open negatively, and could potentially recover as soon as de-escalation talks emerge.<\/p>\n They said a prolonged conflict is unlikely, citing concerns that extended closure of the Strait of Hormuz would push oil prices higher and spike US CPI inflation, something they do not expect to occur. The strategy is to wait for Monday\u2019s stock market reaction. As such, if there is a sharp sell-off, they would long Bitcoin around $61,000-$60,000 ahead of de-escalation news. On the other hand, if there is only a slight decline, sideways movement, or a pump, they would delay entering a long position until later in the week.<\/p>\n The post High Risk Zone? Analysts Split as Bitcoin (BTC) Ignores Geopolitical Chaos<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s reaction to escalating geopolitical tensions over the weekend was limited, even as traditional markets reacted more sharply. BTC slipped to around $65,500 on Monday after trading in a volatile range between roughly $63,000 and $68,000, as markets responded to rising US-Iran tensions and reports that Iran\u2019s Supreme Leader, Ayatollah Ali Khamenei, was killed in […]<\/p>\n","protected":false},"author":0,"featured_media":139008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-139007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/139007"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=139007"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/139007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/139008"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=139007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=139007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=139007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}US-Iran Conflict Already Priced In?<\/h2>\n