Bitcoin price drops caught traders off guard this weekend. The world’s biggest cryptocurrency tumbled under $90,000 after the US launched military strikes in Venezuela. Nobody saw this coming, and crypto markets had to process the shock without traditional markets around to help stabilize things.
Bitstamp data showed Bitcoin hit $90,940 before things went south fast. Here’s the problem: it happened on a Saturday. Stock markets were shut. Bond markets were shut. That left crypto traders holding the bag while geopolitical chaos unfolded in real time.
Venezuela Strikes Send Bitcoin Lower
President Trump posted on Truth Social that Venezuelan President Nicolás Maduro was captured and flown out of the country. US forces hit targets in Caracas. This wasn’t some rumor or speculation. Real airstrikes in a country where crypto adoption has actually taken root over the years.
Bitcoin didn’t like it one bit. Prices slid as traders wondered what comes next.
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Where Does Bitcoin Go From Here?
CME Bitcoin futures closed Friday above $90,000. That matters because when institutional money returns Monday morning, they’ll see that gap and decide whether to push higher or bail out.
Lennaert Snyder isn’t mincing words. “There’s serious geopolitical tension brewing,” he told his followers. “Next week brings the major players back, so expect Bitcoin to move.”
Which direction? That’s the million-dollar question.
The Big Picture Still Looks Decent
Step back from the weekend chaos for a second. Bitcoin’s fundamentals haven’t changed. Network activity looks healthy. Institutions keep buying. The correlation with tech stocks has loosened up.
But yeah, short-term turbulence is probably unavoidable. A few things will determine what happens next:
Monday’s market opening matters hugely. When real liquidity comes back, prices tend to stabilize. Weekend moves often get erased or amplified depending on how traditional markets react.
That $87,850 level is your line in the sand. Break it, and Bitcoin could test $85,000 or lower. Hold it, and the bulls might have enough ammunition to push back toward $95,000.
Venezuela isn’t going away as a story. More strikes? More chaos? Bitcoin will feel it. Quick resolution? Prices could snap back fast.
CME futures gaps have this annoying habit of getting filled. With futures closing above $90,000, spot prices might get pulled higher when big money shows up.
The gold situation deserves watching too. If metal bugs start rotating into Bitcoin, that’s a genuine tailwind. Not just Twitter speculation.
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Trading the Uncertainty
Right now, Bitcoin sits at this weird crossroads. Short-term? Pretty messy. Geopolitical stuff always is.
Bulls have reasonable arguments. Bears have reasonable arguments. The $90,000 level is where everyone’s watching.
Weekend sell-offs in crypto tend to be overdone. Thin liquidity. Emotional trading. Algorithms gone wild. Monday could bring buyers back in if the Venezuela situation doesn’t escalate further.
Or it could bring more selling. That’s crypto for you.
What we do know: Bitcoin proved it can bounce back from worse. The network keeps humming along. Adoption keeps growing. And every dip brings out the “buy the dip” crowd eventually.
The Venezuela wildcard just makes everything more unpredictable than usual. Traders who thought January would be boring just got a reality check.
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Why did Bitcoin drop below $90K this weekend?
US military action in Venezuela spooked the crypto market. With traditional markets closed on Saturday, there wasn’t enough liquidity to absorb the selling pressure. Geopolitical uncertainty tends to hit crypto harder on weekends.
What’s the most important price level for Bitcoin right now?
Watch the 21-day moving average at $87,850. If Bitcoin holds above that, bulls stay in control, according to most analysts. Break below, and we could see $85,000 tested pretty quickly.
Is Bitcoin actually competing with gold now?
The numbers suggest something’s shifting. Gold dropped 6% from its recent highs while Bitcoin gained 5% since Christmas. Some traders think money is rotating out of gold and into Bitcoin, but it’s too early to call it a real trend.
Will Bitcoin recover from this dip?
Depends entirely on what happens in Venezuela next. If tensions cool down, Bitcoin will probably bounce back. If things escalate, we could see more downside. Most analysts view this as a temporary dip rather than the start of something bigger.
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Disclaimer:
Look, we’re just journalists reporting the news here, not your financial advisors. Everything you read above is for information purposes only. Crypto is wild, unpredictable, and can absolutely wreck your savings if you’re not careful. Never invest money you can’t afford to lose. Seriously, we mean it. Do your own research, talk to actual licensed financial professionals, and remember that past performance means absolutely nothing when it comes to future results. The crypto market can turn on a dime, and what’s hot today might be toast tomorrow. We’re not responsible for your investment decisions, good or bad. Trade smart, stay safe, and don’t bet the farm on anything you read on the internet, including this article.
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