Will Latest Attack Crash Bitcoin or Ignite the Next Bull Run?

Bitcoin holds above $91K despite geopolitical tension, but Monday’s market open could trigger fresh volatility or a breakout.

Bitcoin Holds Firm Amid US-Venezuela Conflict Escalation

BTC price rose 1.7% to $91,235 in the past 24 hours, despite the US military strike on Venezuela.

This operation resulted in the detention of Venezuelan President Nicolas Maduro and his wife, who was taken to New York.

The raid was confirmed by President Trump, who described it as a large-scale strike and the US would preside over the transition in Venezuela.

He included that the American oil companies will begin operations in Venezuela and restore its energy infrastructure.

The incident is the biggest US military action in Latin America since the 1989-Panama intrusion.

Crypto analyst Michaël van de Poppe claimed that Bitcoin is not likely to recover drastically as a result of this attack.

He explained the strike as coordinated and planned and indicated that the market had already taken the shock.

Meanwhile, a few traders cautioned of potential volatility during the reopening of global markets, Monday.

US Venezuela Conflict: Crypto Market Braces for Monday Impact

Bitcoin, Ethereum, and XRP have all maintained bullish momentum in the past 24 hours.

Bitcoin stayed above the $91,000 support zone, while Ethereum traded over $3,100 and XRP reclaimed the $2 mark.

Other cryptocurrencies such as Solana, Dogecoin, and Cardano also recorded moderate gains over the weekend. Crypto markets were largely stable in spite of the geopolitical disruption.

Nevertheless, the opening of equities and commodities markets can trigger activity in all asset classes.

The oil prices will have a sharp reaction to the new situation under the US control in Venezuela.

Pope Leo XIV cautioned against foreign intervention in Venezuela, saying that national sovereignty had to be maintained.

He demanded the observance of human rights and encouraged the people of Venezuela to take the peaceful and fair way.

Legal Questions and Bitcoin Technicals in Focus

The action of Trump has brought about legal challenges in the international law, which is the United Nations Charter.

According to experts, Article 2(4) does not allow the use of force, and also the sovereignty of nations is respected.

The US will justify it as self-defense, yet critics cite that the legalization is weak.

Bitcoin traders are keenly monitoring the technical price levels as the struggle continues.

In case the Long-term BTC projection rallies above $91,000, there will be resistance of about $95,000 and $100,000.

US Venezuela Conflict: Will Latest Attack Crash Bitcoin or Ignite the Next Bull Run?US Venezuela Conflict: Will Latest Attack Crash Bitcoin or Ignite the Next Bull Run? US Venezuela Conflict: Will Latest Attack Crash Bitcoin or Ignite the Next Bull Run?US Venezuela Conflict: Will Latest Attack Crash Bitcoin or Ignite the Next Bull Run?
Source: Tradingview

The inability to breach above $90,000 would drag in the $88,000 support. When that fails, Bitcoin will hit the test of the $85,000 level that might shift the short-term trend in the market.

If Venezuela Falls, Could Bitcoin Rise?

Bitcoin has remarkably stood the test of time during the conflict with Venezuela and uncertainty in the world.

Bitcoin is being considered by investors more and more as a hedge against geopolitical tension and economic disruption.

The price movement over the weekend indicates that the crypto market is possibly becoming mature and not directly connected to panic-based selloffs.

The session on Monday, however, would either verify or nullify this strength depending on how the market sentiment expands.

In case the future of Venezuela is not clear, Bitcoin may either run up as a safe haven, or walk away along with world risk assets.

If Venezuela’s crisis deepens and markets respond, could Bitcoin become the next safe-haven for investors worldwide?

Source: https://coingape.com/trending/us-venezuela-conflict-will-latest-attack-crash-bitcoin-or-ignite-the-next-bull-run/