🔔The ongoing US-Israel conflict in Iran continues to suppress risk appetite, causing Bitcoin to fall nearly 5% this week.
According to Mars Finance, several analysts are comparing this recent price action to the Bitcoin market during the 2022 Russia-Ukraine conflict. At that time, Bitcoin rebounded 24% after an initial drop in the early stages of the war, but subsequently fell another 64% by November of that year. Crypto analyst Finish believes that Bitcoin is unlikely to see a significant rebound before the conflict in Iran subsides, and has set a bottom price target of around $55,000.