The price of Bitcoin (BTCDespite recent Israeli air strikes on Iran, sharp corrections can still be made in the short term, but if Iran closes the Strait of Hormuz, a key avenue for oil transport, it may be made in the short term.
Bitcoin’s short-term price action “depends on how it develops today and weekends” Israel-Iran conflictThe analyst wrote on Friday, adding:
“The biggest risk is that if Iran is going to close the strait of Hormuz, nearly 20% of the oil supply is transported. If that is true, oil will see huge spikes and risky assets will fall off the cliff. If this happens over the weekend, it will happen 24/7 -7 -7 -7 – cryptocurrency – Take a hit again.”
However, Puckrin stressed that Bitcoin’s long-term price outlook has a smaller impact on geopolitics and is associated with a decline in the dollar’s value, which is only reaching its lowest level in three years, indicating a long-term upside for supply-limited assets.
Bitcoin continues to be closely monitored by retail and institutional investors as an emerging macro asset. Traders and analysts have mixed market theory on BTC because Crossing the route While becoming an asset class, risk is consistent with risk and value asset storage.
Related: Bitcoin Mirror Sets 80% Rally Before Israel-Iran Conflict in 2024
Despite macro and geopolitical uncertainty
Long-term Bitcoin holders Ongoing macroeconomic uncertainty According to crypto analyst Burak Kesmeci, an increase in geopolitical tensions.
Analyst explain The cumulative address, defined as a wallet that has never sold a single Satoshi and has been active in the past seven years, recorded an inflow of 30,784 BTC, with a value of approximately $3.3 billion on June 11, the highest daily inflow in 2025.
“After this peak, the total BTC held by the cumulative address reached 2.91 million BTC. Now, their average entry price is around $64,000.”
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
Magazine: Baby Boomers, worth 79 tons, finally joins Bitcoin
