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Bitcoin: Amid U.S.- Iran conflict, can BTC hold $100K, if so, what next?
As the United States and Iran continue to clash, the cryptocurrency market remains under immense pressure. Bitcoin, in particular, has been severely impacted by the ongoing global uncertainty, with a 1.17% drop that brought the price down to $100,979 before a $50 million short squeeze reversed the move.
Despite this dip, it’s crucial to examine whether Bitcoin can maintain its hold on the $100K level, and what potential consequences would arise if it does. In this article, we’ll delve into the situation and provide insights on the potential developments that could unfold.
The recent strike by the U.S. against Iran has sent shockwaves through the global markets, leading to a significant drop in Bitcoin’s price. However, as the coin bounced back after the $50 million short squeeze reversed the move, it becomes increasingly important to assess its resilience amid these heightened tensions.
It is crucial for investors to consider the potential risks involved and the likelihood of such risks materializing.
Source: ambcrypto.com
