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Analysis: The possibility of Bitcoin reaching the low range of $90,000 is about 20-25%.
Golden Finance reports that after news of the US directly intervening in the Israel-Iran conflict broke, Bitcoin quickly reacted, falling below $102,000. Analyst Cas Abbe stated: “Before bottoming out and reversing, Bitcoin’s price could potentially drop to the $93,000-$94,000 range, but there is only a 20%-25% chance of reaching the low area of $90,000. Notably, after the outbreak of the Russia-Ukraine conflict, Bitcoin’s price surged by 42% within 35 days. Now, Bitcoin’s price has surpassed $100,000 and is still in a bull run. If history repeats itself and fuel prices rise, what will happen?”