Analysis: The probability of Bitcoin reaching the low range of $90,000 is about 20-25%
After news broke of direct U.S. involvement in the Israel-Iran conflict, Bitcoin reacted swiftly, dropping below $102,000. Analyst Cas Abbe stated: “Before bottoming out and reversing, Bitcoin’s price could fall to the $93,000–$94,000 range, but the likelihood of reaching the low $90,000 area is only 20%–25%. For reference, within 35 days after the outbreak of the Russia-Ukraine conflict, Bitcoin’s price surged by 42%. Now, Bitcoin has surpassed $100,000 and remains in a bull market. If history repeats itself and fuel prices rise, what might happen?”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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