On June 16, BTC Markets crypto analyst Rachael Lucas expressed her market analysis perspective: "Geopolitical instability, such as the recent Israeli attack on Iranian nuclear facilities, caused Bitcoin to drop 4% briefly, highlighting Bitcoin's sensitivity to risk events. Nevertheless, as investors use it as a geopolitical hedging tool, Bitcoin typically rebounds quickly. Recently breaking through the resistance level of $106,406 indicates that the bullish momentum continues, with the next major target being the all-time high."
Vincent Liu, Chief Information Officer of Kronos Research, stated that once the international situation calms down, strong global liquidity and institutional demand may lay the foundation for a breakthrough in Bitcoin's market.
