Bitcoin Volatility Rises on Geopolitical Risks, $93K–$95K Target
Bitcoin plunged nearly 3% from $103,970 to $100,962 amid war-fear selling before rebounding above $102,800 on heavy volume. On-chain data show balanced supply and demand, and derivatives metrics point to cautious sentiment. Crypto strategist James Wynn now forecasts a short-term Bitcoin price target of $93,000–$95,000, warning that escalating geopolitical tensions and potential new conflicts could drive further declines. Although no US rate cuts are expected soon, a rise in global M2 money supply—outside US dollar issuance—offers limited support. Traders should brace for heightened Bitcoin volatility as macro risks and Fed policy outlooks weigh on market dynamics.
Bearish
The combined news highlights growing Bitcoin volatility driven by geopolitical tensions and war-fear selling. While on-chain metrics and a brief recovery suggest underlying support, James Wynn’s $93K–$95K forecast and caution over new conflicts point to downside risk. The lack of imminent Fed rate cuts removes a key bullish catalyst, leaving only modest backing from rising global M2 money supply. Traders should expect short-term bearish pressure on BTC prices, though long-term fundamentals may remain intact.