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Could More Geopolitical Tension Drive BTC Back to Six Figures? 

BTC tapped $93,000 throughout Monday morning in Asia following a strike by the United States on Venezuela over the weekend.

Analysts at the moment are in search of additional potential gains and the potential of a return to six-figure Bitcoin costs. Michael Nadeau from The DeFi Report drew comparisons between the Russian invasion of Ukraine in early 2022, when BTC climbed 22% within the weeks that adopted.

“In the present setting, I’ve been anticipating a transfer for BTC again up to the 50-week shifting common round $101,700,” he said. “Now we’ve a catalyst. The key query is whether or not that degree can maintain whether it is, in truth, revisited.”

A Bear Market Bounce

What the analyst didn’t point out was the truth that 2022 was a bear market 12 months that noticed BTC decline 77% from its all-time high. The same bear market state of affairs in 2026 may see the asset droop to $30,000.

Trader Aaron Dishner echoed the sentiment, stating that crypto markets would bounce in early January as many merchants possible closed positions earlier than the top of 2025 for tax functions, and would purchase again aggressively firstly of 2026.

“But my goal for BTC continues to be $100k earlier than the subsequent leg down, and I think about a LOT of you might be questioning WHY!? Well, this occurs firstly of each previous bear market – in 2022, 2018, and 2015. This time is not any totally different to me.”

Bitcoin entrepreneur Joe Consorti was additionally satisfied of a return to six figures first. BTC broke again above the 50-day shifting common for the primary time since October, testing ranges not seen since early December, he stated.

“Sell strain could also be nearing exhaustion. Need to reclaim and maintain the 50-week MA at $101k.”

Bitcoin Moves Higher

BTC tapped $93,000 twice over the previous few hours, however failed to break above, falling again to $92,500 on the time of writing. The asset is now shifting in the direction of the higher band of a six-week sideways channel and wishes to clear resistance above $94,000 to escape of it.

“There is power beneath this general bottoming transfer larger,” said analyst ‘Sykodelic’ who added, “We had the double purchase sign on the relative power two days in the past.”

The publish Could More Geopolitical Tension Drive BTC Back to Six Figures?  appeared first on CryptoPotato.

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