Bitcoin “correction” unlikely after US attack on Venezuela: analyst

Bitcoin prices have fluctuated during geopolitical tensions, but the price of Bitcoin is unlikely to fall in the coming days following the US attack on Venezuela, according to one crypto analyst.

“I don’t think we will see a widespread correction based on the Bitcoin attack in Venezuela,” MN Trading Capital founder Michael van de Poppe said in an X post on Saturday.

The U.S. attack on Venezuela reportedly took place around 6 a.m. UTC on Saturday and lasted about 30 minutes. Van de Poppe said he does not expect this incident to have a direct impact on the price of Bitcoin (BTC), as it was a “planned and coordinated attack” and has “already passed.”

He argued that it was “relatively unlikely” that the incident would “turn the market further negative”.

Bitcoin tends to struggle over geopolitical uncertainty

According to CoinMarketCap, the price of Bitcoin has been relatively stable over the past 24 hours, rising 1.66% to regain the $90,000 level and trading at $91,290 at the time of publication.

According to CoinGlass data, $60.04 million of Bitcoin leveraged positions were liquidated in the past 24 hours, while short sales accounted for $55.01 million.

Recently, there have been several instances of sudden drops in the price of Bitcoin due to escalating geopolitical tensions, including between Iran and Israel, and Russia and Ukraine.

Bitcoin has proven to “stay strong” even above $90,000

In June 2025, Bitcoin fell by 2.8%, falling from $106,042 to $103,053 in just 90 minutes after the explosion in Tehran, which Israel later claimed responsibility for.

Related: Bitcoin and Ether ETF to collect $646 million on first trading day of 2026

Crypto analyst Tyler Hill echoed Van de Poppe’s sentiments, saying, “Typically, markets get really excited when you expect things to get worse after that, and that doesn’t seem to be the case.”