After last night’s drop, hypotheses are beginning to circulate suggesting that the risks of further declines in Bitcoin’s price have increased.
The situation is actually complex and uncertain, so it is necessary to proceed with caution with this type of analysis.
However, the risks that the situation will remain challenging for a while are evident.
The Challenging Situation
Yesterday, after the US markets closed, American President Donald Trump delivered a speech to the nation.
The main topic was the war in Iran, and specifically, one of the things he said frightened the markets.
In fact, while many were expecting some indication of a possible end to the conflict in the near future, Trump instead stated that he intends to continue for at least another two or three weeks.
Although the stock exchanges were closed, index futures were still being traded, as these are traded virtually continuously.
Specifically, the futures on the main U.S. stock market index,
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