Bitcoin's price has faced downward pressure recently, influenced by geopolitical tensions between the US and Iran. According to CoinTelegraph, the ongoing conflict contributed to Bitcoin's failure to break through the strong $64,000 resistance level.
Despite the current bearish trend, Bitcoin price analysis suggests that the bear market could conclude within the next three months. This forecast comes as market watchers anticipate that the effects of the US-Iran war on BTC prices will stabilize, potentially allowing for recovery.
For Japanese investors, monitoring these developments is crucial, as global geopolitical events continue to impact crypto market volatility, influencing both FX and equities markets domestically.