Analyst: Bitcoin correction unlikely after US strike on Venezuela
Bitcoin is unlikely to face a broad pullback following the United States strike on Venezuela, according to MN Trading Capital founder Michael van de Poppe. In a post on X on Saturday, he said he does not expect a market-wide correction stemming from the incident.
The strikes occurred at around 6:00 a.m. UTC on Saturday and reportedly lasted about 30 minutes. Van de Poppe said the action appeared planned and coordinated and has already passed, adding that the likelihood of further market downside as a direct result is relatively low.
Bitcoin’s performance during geopolitical risks
Over the last 24 hours, Bitcoin gained 1.66%, retaking the $90,000 threshold and trading at $91,290 at the time of publication, according to CoinMarketCap.
In the same period, $60.04 million in Bitcoin leveraged positions were liquidated, including $55.01 million in short positions, according to CoinGlass.
Bitcoin has previously posted abrupt declines during periods of heightened geopolitical tension, including episodes involving Iran and Israel, as well as Russia and Ukraine.
Bitcoin holds above $90,000 amid headlines
In June 2025, Bitcoin fell 2.8%, sliding from $106,042 to $103,053 within 90 minutes after explosions in Tehran, which Israel later said it carried out.
Separately, crypto analyst Tyler Hill said markets tend to sell off when participants expect conditions to deteriorate, which he does not see in the current situation. He added the development could be interpreted as a sign of resilience and may even support modest gains. (source)
Analyst Shagun Makin noted that Bitcoin has shown it can remain steady despite geopolitical headlines, reinforcing confidence that it can hold above $90,000. (source)
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