Orbit Markets Founder: Support Level Expected Around $101,000, but Political News Will Drive Short-Term Price Movements
According to ChainCatcher, citing Jinshi Data, on June 13, following Israel's airstrike on Iran, Bitcoin and other cryptocurrencies experienced a significant depreciation.
Caroline Mullen, co-founder of crypto derivatives liquidity provider Orbit Markets, stated: "Cryptocurrencies reacted negatively to the news of Israel's attack on Iran, in line with major risk assets. We expect to see technical support around $101,000, but geopolitical news will drive price movements in the short term."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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