Bitcoin ‘correction’ unlikely after US attack on Venezuela: analyst
While Bitcoin's volatility has been a history of geopolitical tensions, the price is unlikely to decline in the coming days following the US attack on Venezuela, a crypto analyst said.
“I don't think we're going to see a broad correction based on the attack on Bitcoin in Venezuela,” Michael Van de Pop, founder of MN Trading Capital, told XPost on Saturday.
The US attack on Venezuela took place at 6:00 PM UTC on Saturday and reportedly lasted about 30 minutes. Van de Pop speculates that the event will not directly affect the price of Bitcoin (BTC) because it is a “planned and coordinated attack” and “has already passed us by.”
He argued that the possibility of “more negativity in the markets” from the event is “relatively slim”.
Bitcoin wants to fight around geopolitical instability
Bitcoin's price has been relatively stable over the past 24 hours, rising 1.66% to reclaim the $90,000 level, trading at $91,290 at press time, according to CoinMarketCap.
Over the past 24 hours, $60.04 million in bitcoin positions have been liquidated, with shorts covering $55.01 million, according to CoinGlass data.
There have been several instances in recent times when the surging price of Bitcoin has suddenly dropped due to geopolitical tensions, including Iran and Israel, as well as Russia and Ukraine.
Bitcoin has confirmed that it is “persisting” above $90,000
In June 2025, Bitcoin dropped 2.8% from $106,042 to $103,053 in 90 minutes following the explosion in Tehran, which Israel claimed responsibility for.
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Crypto analyst Tyler Hill echoed van de Pop, saying, “While we generally expect things to get worse from now on, that's unlikely to really affect the market.”
“You could see this bringing green to the market because people take it as a sign of strength,” Hill added.
Meanwhile, crypto analyst Shagun Makin confirmed that Bitcoin can remain “strong” despite the “geopolitical noise”, reinforcing the belief that it can stay above $90,000.
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