Bitcoin Stumbles Amid Geopolitical Crisis, Analyst Says $69,000 Is the Tipping Point

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Bitcoin (BTC) has reached a critical inflection point for a potential technical rebound, even amid extreme fear driven by geopolitical crises, as major banks prepare to integrate infrastructure and large-scale liquidity is expected to flow into the market.

Cryptocurrency analyst Lark Davis said in a video uploaded to his YouTube channel on February 27 that Bitcoin is currently seeing heightened caution due to geopolitical tensions and declining trading volume. Fears are spreading across the broader market as the possibility of a military conflict between the United States and Iran intensifies. Given its 24-hour trading nature, Bitcoin serves as a primary liquidity sink during such crises. Davis noted, “External uncertainties are increasing market volatility, but Bitcoin’s position as a store of value is strengthening further.”

Financial services firm Citibank plans to launch integrated traditional finance infrastructure later this year, including Bitcoin lending and borrowing services. Davis emphasized, “Citibank’s move marks a significant milestone that goes beyond simple custody services and incorporates Bitcoin as a core asset within institutional finance.” In addition, a massive U.S. government economic stimulus package is expected to enter the market in the coming months, potentially providing strong momentum to boost both consumer spending and the digital asset market.

From a technical perspective, Bitcoin is currently facing resistance at the 20-day exponential moving average and struggling to recover its price. Trading volume has dropped sharply, and extreme fear among investors is preventing strong buying pressure from entering the market. Davis analyzed that firmly breaking above and holding the 20-day exponential moving average, currently positioned at $69,000, is the key to a bullish reversal.

Davis advised avoiding aggressive trades during periods of tedious sideways movement and repeated price fluctuations, recommending that investors wait for clear market signals. He stated that he would consider entering a long position only after Bitcoin decisively breaks above the $69,000 level, maintaining a wait-and-see approach until then. In times of high uncertainty, reacting after the market proves its strength is more advantageous for asset protection than engaging in speculative trades based on predictions, he explained.

Although Bitcoin is facing the dual challenges of geopolitical risks and technical resistance, infrastructure development by major banks and incoming liquidity support a positive long-term outlook. In the short term, whether it can reclaim the 20-day exponential moving average is expected to serve as a crucial turning point for the market’s direction. Attention is now focused on whether Bitcoin can break through the current phase of fear and secure strong rebound momentum.

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