On January 4th, according to Cointelegraph, despite the escalating geopolitical tensions between the US and Venezuela early Saturday morning, Bitcoin prices remained resilient, stabilizing around $90,000. BTC briefly dipped below $90,000 on Saturday but quickly rebounded above it.
Market analyst Michaël van de Poppe noted that BTC prices are currently above the 21-day moving average. If it can maintain this short-term support level, it suggests that prices may continue to rise in January.
It is noteworthy that BTC has remained stable despite recent geopolitical shocks, which is significant because risk assets, including Bitcoin, typically experience sudden declines during geopolitical crises or macroeconomic headwinds.
Jamie Cox, managing partner of the Harris Financial Group in Virginia, stated that the overall market reaction to the Venezuelan situation may be limited, and we may receive some market-moving news during Sunday's OPEC meeting. (Source: Cointelegraph)