Bitcoin Holds Near $90K Despite US–Venezuela Military Shock

Core Insights - Bitcoin's price remained stable near the $90,000 level despite significant geopolitical tensions between the United States and Venezuela, indicating resilience in the cryptocurrency market [1][4][8] Market Reaction - Bitcoin briefly dipped below $90,000 before recovering, showing limited reaction to the military actions that captured Venezuelan President Nicolás Maduro [2][4] - The muted response is notable as risk assets typically experience sharp sell-offs during geopolitical crises, highlighting Bitcoin's relative stability [3][4] Technical Analysis - Analysts point to Bitcoin holding above its 21-day moving average, which is often seen as a short-term support level, suggesting potential for price gains in January if market conditions remain stable [3][8] - The recent price action indicates that Bitcoin may be entering an accumulation phase following a corrective period that saw a decline from an all-time high of over $125,000 to around $80,000 [6][7] Future Outlook - Analysts caution that volatility may increase once institutional investors return to the market after the weekend, as they typically do not participate during this period [5][8] - Any renewed selling pressure could exacerbate Bitcoin's recent corrective phase, which has already seen a significant decline [6][8]