Analysis: The probability of Bitcoin reaching the low range of $90,000 is about 20-25%

After news broke of direct U.S. involvement in the Israel-Iran conflict, Bitcoin reacted swiftly, dropping below $102,000. Analyst Cas Abbe stated: “Before bottoming out and reversing, Bitcoin’s price could fall to the $93,000–$94,000 range, but the likelihood of reaching the low $90,000 area is only 20%–25%. For reference, within 35 days after the outbreak of the Russia-Ukraine conflict, Bitcoin’s price surged by 42%. Now, Bitcoin has surpassed $100,000 and remains in a bull market. If history repeats itself and fuel prices rise, what might happen?”