Analyst: Venezuela Situation Unlikely to Trigger Major Bitcoin Pullback

BlockBeats News, January 4th, according to Cointelegraph, despite Bitcoin's historical volatility during geopolitical tensions, cryptocurrency analysts say that Bitcoin's price is unlikely to drop in the coming days following the U.S. strike on Venezuela.

Michael van de Poppe, founder of MN Trading Capital, wrote on Saturday on Platform X, "I don't think the attack on Venezuela will trigger a major Bitcoin pullback."

The report stated that the U.S. strike on Venezuela occurred around 2 p.m. Beijing time on Saturday afternoon, lasting approximately 30 minutes. Van de Poppe expects that this event will not have a direct impact on Bitcoin's price because it was a "planned and coordinated action" and the "event itself is already over." He also noted that the possibility of further negative market reaction is "relatively low."