The ongoing US-Israel-Iran war continues to suppress risk appetite, with bitcoin falling nearly 5% this week
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ChainCatcher news, several analysts have compared this round of market movements to the bitcoin trend during the Russia-Ukraine war in 2022. At that time, bitcoin dropped in the early stages of the war and then rebounded by 24%, but subsequently fell another 64% cumulatively by November of that year.
Crypto analyst Finish believes that bitcoin is unlikely to achieve an effective rebound before the Iran conflict subsides, and has set the price bottom target at around $55,000.
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