After the attacks of Israel and the United States on Iranian territory, The world is expecting what Iran’s response will be.
Sergei Lavrov, Russian Foreign Minister, said that “World War third could be very close”. Vladimir Putin’s government official assured that freely interpreting the right to self -defense would be “a total chaos.”
For their part, the analysts of the Financial Bulletin The Kobeissi Letter, are shown far from the alarm or sensational statements. Yesterday night They wrote These specialists:
«During the last 72 hours, the United States bombed Iranian nuclear facilities, Russia said that other countries are ready to supply nuclear weapons to Iran and the Iranian Parliament voted to close the Ormuz Strait. However, futures in the stock market have fallen only -0.5% in the opening and prices of oil have risen less than one +2.5%. This is not a market that is incorporating a long -term conflict into its prices. In fact, if the market estimates only the closure of the Ormuz Strait, oil prices would be at $ 120 or more. Objectively, the market is still waiting for a short war.
Financial analysts of The Kobeissi Letter.
And while all this happens, Bitcoin (BTC) shows a remarkable resistance above $ 100,000 At the time of this publication.
In the following graph, provided by TrainingViewit is observed how BTC behaved during the last 7 days.
There are two possible interpretations for this apparent strength. One of them is that The market is undecided about what will happen. Will there be a potentially qualifiable conflict as “World War Third” or will it be something short duration, as the Kobeissi Letter analysts anticipate? Perhaps, if the war scale to new magnitudes, BTC has greater falls. As cryptonotics explained yesterday, BTC would find an upcoming support about $ 96,000.
Another possibility is that the narrative of “digital gold” is settling and BTC is perceived as a shelter asset. Perhaps, investors are already massively understood that the intrinsic properties of Bitcoin (their scarcity, their resistance to censorship, etc.) do not change for a war and, on the contrary, they take greater relevance.
Probably, in the coming weeks, or days (or hours, perhaps) these questions are having answers and BTC define whether it will enter a period of greater correction or if it will strongly resume the bullish course that it brought.
