Key results:

• Bitcoin returns after the main catalysts of declines exceeded 64.6% since 2010, which suggests that the recent escalation of tensions in the Middle East may be the possibility of buying BTC.

• Despite trading near the highest levels, Puell Bitcoin remains in the discount zone, indicating the institutional and underestimated market conditions.

The price of Bitcoin (BTC) dropped on Friday to USD 102,650 on Friday, after Israel’s raids in Iran. When the voltage ended, oil prices increased by 5%, and historical data suggest that BTC DIP can be an opportunity to buy. Among the growing global tensions, earlier Bitcoin results during geopolitical crises offer a convincing investment case.

Head of research at BitWise Europe, André Dragos, Highlighted This potential in post X, citing data from the 20 best geopolitical risk events since 2010. The analyst stated that Bitcoin reached an average of 64.6% price enhance in 50 days, with a median profit by 17.3%.

The chart shows the geopolitical performance of the Bitcoin event on a logarithmic factor scale. The average performance (green line) remains relatively stable about 100 before the risk event, but increases after the event, reaching about 30-40 days later in the range from mines from mines from mines from min. This pattern suggests that the current immersion can be a ephemeral market reaction, with a historical precedent indicating significant benefits in the coming weeks.

Adam back General Director of Blockstream strengthened This trend, counteracting the skepticism of gold, Peter Schiff with the data of 10 main events since 2020. The Back chart reflects BitWise’s, showing a 20% enhance in Bitcoin after the US escalation in January 2020, often leading gold and S&P 500.

October Study 2020 It also supplements these findings. Using Granger’s causality tests on bitcoin prices and geopolitical risk indicators in 2010-2019, the study identified two-way influence, indicating that bitcoins not only react to geopolitical events, but also serves as a stabilizing resource during global uncertainty.

Related: Bitcoin Mirrors 80% Rally configuration that preceded the conflict of Israel Israel 2024

PUULL multiple supports Bitcoin investment thesis

Data from Cryptochant He also suggests that Bitcoin is on the territory of the purchase. Puell Multiple, which tracks miners’ daily revenues compared to the annual average, remains near the discount zone below 1.40, despite the last Bitcoin summit above USD 108,000.

This uncommon discrepancy, intensified by reduced block awards in April 2024, underestimated signals and suggests that the market is powered by institutional demand or tightened supply, not the pressure of sales of miners.

Historically, the PUELL accumulation phase below 1.0 characters, which indicates that the current Bitcoin rally may be far from its euphoric peak. Post added,

“Therefore, the current scenario is a potential window of possibilities. A historically high price connection and still conservative bases strengthens that the up cycle can only be half.”

In addition, Glassnode data It shows that Bitcoin is currently trading between the key short-term costs (CB) with 1-week CB each USD 106,200, 1 month after USD 105,200, 3 months at USD 98,300 and 6 months at USD 97,000. The BTC cost basis represents the average price at which investors purchased bitcoins in a certain period. With most profit holders, the risk of sales of panic remains low, but this may change in the next few weeks.

These indicators – discounted multiple and resistant based on costs – reliable basis for recovery, suggesting that the current decline may be the main opportunity for investors who look at the next Bitcoin movement.

Related: Bitcoin price Boldinger Bands “Faived” Uptrend risk of USD 112,000

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.