Bitcoin faces key test as geopolitics and U.S. Fed data loom

Cointelegraph outlined five major factors influencing Bitcoin market trends this week: -Support at risk: Bitcoin dipped to $98,000, with traders eyeing $92,000 as the next major support amid falling liquidity and increasing sell pressure. -Middle East tensions: Markets briefly reacted to the Iran-Israel conflict, but investors aren’t pricing in a long-term war scenario. -U.S. Fed in focus: U.S. PCE inflation data and Powell’s Congressional testimony could fuel macro volatility and rate speculation. -Altcoins lag: Bitcoin dominance nears historic reversal levels, signaling a possible upcoming altseason after a year of underperformance. -$200,000 in sight?: Analysts project BTC may reach over $200,000 in 2025, following historical four-year halving and market cycle trends.