Bitcoin's price is hovering around $90,000 after the recent U.S. strike on Venezuela, causing market volatility. Analysts predict a choppy range trade for the coming week, with support at $88,500 and resistance at $90,800. If geopolitical tensions ease, Bitcoin could target $96,000-$100,000, but a risk-off move could push it below $80,000.
Key Factors Influencing Bitcoin's Price:
- Geopolitical Tensions: The U.S. strike on Venezuela has created uncertainty, impacting risk appetite.
- Institutional Adoption: Growing interest from major financial firms could drive price growth.
- Regulatory Developments: Potential U.S. regulations could affect Bitcoin's price trajectory.
Price Forecast:
- Short-term: $89,460 - $90,907
- Next Week: $90,564 (1.23% increase)
- Long-term (2026): $195,067
