Analysts: BTC volatility rises on Mideast risk, $69K is key short-term support

Bitcoin, which had temporarily decoupled from global risk assets amid escalating conflict risk in the Middle East, is now back under the influence of macroeconomic variables and facing selling pressure, according to recent analysis. In an interview with DL News, Kraken Vice President Matt Howells-Barby said that a continued rise in oil prices could heighten concerns about an economic slowdown, which in turn could weigh on Bitcoin's price. He suggested that if Bitcoin fails to hold its short-term support at $69,000, it could fall to the $65,000 level. Sebastián Serrano, CEO of Argentine exchange Ripio, noted that if the sell-off persists, it is possible for BTC to drop below $54,000. He analyzed that the recent price volatility has been triggered by external macroeconomic variables—such as geopolitical conflict, rising energy prices, and changing inflation expectations—rather than factors internal to the cryptocurrency market.