Recently, this wave of geopolitical turmoil has been quite intense, and US-China relations have reached a new high level of tension. But guess what? Bitcoin seems completely unfazed, firmly holding above the $90,000 mark. It briefly dipped below this level on Saturday but quickly recovered, showing some real resilience.
On the technical side, BTC is currently firmly above the 21-day moving average. What does this mean? If it can continue to hold this line, the probability of the price rising further in January is quite high. Many market participants are watching this level closely, considering it a key support.
Honestly, considering Bitcoin's ability to withstand such major environmental pressures, it's worth pondering. Typically, risk assets tend to plunge sharply when faced with geopolitical crises or macroeconomic stress. But Bitcoin hasn't done that; instead, it has shown considerable resilience, sending a positive signal to the market.
However, some analysts warn that the global market's reaction to the Venezuela situation might not be that sensitive. The real market movers will likely depend on upcoming major events like the OPEC meeting. Once these news events unfold, they will be the true test of whether BTC can continue its upward trend. Let's wait and see how the market develops.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
6
Repost
Share
Comment
0/400
BearHugger
· 4h ago
The 90,000 mark is really tough, and the rebound is quite straightforward. This wave of BTC is indeed a bit resistant to pressure.
---
As long as the 21-day moving average holds, there's still hope. I'm just worried about OPEC causing some trouble.
---
Geopolitical storms can't scare it away; instead, it rises. This is truly a safe-haven asset, right?
---
Speaking of which, Bitcoin's performance this time is indeed unexpected. It dipped briefly and then bounced back.
---
It feels like the real risk hasn't arrived yet; OPEC is the key.
---
Just after stabilizing at 90,000, saying it will rise long-term is a bit overly optimistic.
---
The technical outlook looks good, but I'm just afraid of some unexpected event hitting a snag.
View OriginalReply0
consensus_whisperer
· 01-04 23:22
It seems that the $90,000 might not be so stable; we'll just wait and see if OPEC causes any trouble.
View OriginalReply0
SnapshotLaborer
· 01-04 06:45
90,000 dollars is indeed a stable threshold; as long as the 21-day moving average holds, there's hope.
Geopolitical tensions are escalating, but the crypto market remains unmoved—this is truly a safe-haven asset.
The OPEC meeting is the real test; we'll see how it unfolds.
BTC is bullish; no matter what turbulence occurs, it can't be shaken.
With such strong technical momentum, it won't escape in January.
This resilience is truly remarkable; most assets would have collapsed by now.
Holding the moving average gives a chance to continue pushing higher.
Honestly, I’m a bit surprised; I thought it would fall, but it rebounded instead.
Venezuela is in chaos, yet the price still stubbornly stays at 90,000—interesting.
The rest depends on OPEC; this is the real watershed moment.
View OriginalReply0
ChainMelonWatcher
· 01-04 06:38
$90,000 is really a tough barrier. Despite such geopolitical chaos, cryptocurrencies remain unaffected, indicating that institutions haven't left.
Let's wait for the OPEC meeting; that's the real test.
Holding the 21-day moving average on the 21st is stable; breaking below could be troublesome.
The crypto market's resilience to pressure is indeed stronger than the stock market.
Don't just look at $90,000; the question is whether it can break through $100,000 in January.
Geopolitical crises have actually made Bitcoin more attractive—it's surreal.
Recently, this wave of geopolitical turmoil has been quite intense, and US-China relations have reached a new high level of tension. But guess what? Bitcoin seems completely unfazed, firmly holding above the $90,000 mark. It briefly dipped below this level on Saturday but quickly recovered, showing some real resilience.
On the technical side, BTC is currently firmly above the 21-day moving average. What does this mean? If it can continue to hold this line, the probability of the price rising further in January is quite high. Many market participants are watching this level closely, considering it a key support.
Honestly, considering Bitcoin's ability to withstand such major environmental pressures, it's worth pondering. Typically, risk assets tend to plunge sharply when faced with geopolitical crises or macroeconomic stress. But Bitcoin hasn't done that; instead, it has shown considerable resilience, sending a positive signal to the market.
However, some analysts warn that the global market's reaction to the Venezuela situation might not be that sensitive. The real market movers will likely depend on upcoming major events like the OPEC meeting. Once these news events unfold, they will be the true test of whether BTC can continue its upward trend. Let's wait and see how the market develops.