menu
techminis

A naukri.com initiative

google-web-stories
source image

Bitcoinist

1M

read

40

img
dot

Image Credit: Bitcoinist

Bitcoin Headed Below $60,000? Geopolitical Tensions Might Present Buying Opportunity, Analyst Says

  • Bitcoin dropping below $60,000 due to geopolitical tensions in the Middle East could be a buying opportunity.
  • Risk-on assets like Bitcoin may face a downturn as investors seek safer investments like gold.
  • Surge in call option open interest on Deribit indicates traders betting on a year-end rally for BTC.
  • Geopolitical tensions could push BTC price lower in the short term but increase Trump's odds of winning, subsequently improving the post-election outlook for Bitcoin.

Read Full Article

like

2 Likes

For uninterrupted reading, download the app