Despite renewed geopolitical tensions, analysts believe Bitcoin is unlikely to face a major sell-off following reports of a US military strike on Venezuela. While global conflicts have historically caused short-term volatility in crypto markets, current sentiment suggests this event is already priced in and poses limited risk to Bitcoin’s near-term trend.
Analysts Say Venezuela Strike Unlikely to Trigger Bitcoin Sell-Off
Crypto analyst and MN Trading Capital founder Michael van de Poppe stated that the chances of a widespread Bitcoin correction following the US strike are “relatively slim.” According to him, the attack was a planned and coordinated event that has already passed, reducing the likelihood of further negative market reactions.
The US strikes reportedly occurred around 6:00 a.m. UTC on Saturday and lasted roughly 30 minutes. Van de Poppe emphasized that markets tend to react more aggressively when uncertainty is still unfolding. Since this situation does not appear to be escalating, he believes Bitcoin will remain largely unaffected.
Supporting this view, analyst Tyler Hill noted that markets usually experience sharp downturns when investors expect conditions to worsen. In this case, he argued, sentiment may even turn positive, with some traders interpreting the event as a show of geopolitical strength rather than instability.
Bitcoin Price Holds Firm Above $90,000 Despite Geopolitical Noise
Bitcoin has shown resilience in the past 24 hours, climbing around 1.6% to reclaim the $90,000 level and trading near $91,000 at the time of writing. On a weekly basis, BTC is up more than 4%, signaling continued confidence among investors.
Market data shows that roughly $60 million in Bitcoin leveraged positions were liquidated over the last day, with the majority coming from short positions. This suggests that bearish traders were caught off guard by Bitcoin’s strength rather than a sudden drop driven by fear.
While Bitcoin has previously dipped during periods of heightened geopolitical tension—such as conflicts involving Iran, Israel, Russia, and Ukraine—analysts point out that these moves were often short-lived. Crypto analyst Shagun Makin echoed this sentiment, stating that Bitcoin has repeatedly proven its ability to stay firm amid “geopolitical noise,” reinforcing confidence that it can hold above the $90,000 level for now.
