Analyst: BTC recovery is weak, Middle East situation may dominate market trends in 2026
According to Cointelegraph, Nic Puckrin, founder of Coin Bureau and cryptocurrency market analyst, stated that btc-42">Bitcoin's current recovery is relatively weak. The geopolitical and macroeconomic pressures caused by the Middle East war will dominate the market trends in the second quarter of 2026, with interest rate cuts expected no earlier than the third or fourth quarter. He pointed out that for BTC to reach $90,000, three conditions must be met: easing geopolitical tensions, oil prices falling back to around $80, and weakening economic data.
Currently, BTC is priced at approximately $71,276, facing resistance at $74,000, and still operating below the 200-day exponential moving average. Previously, BTC rose above $73,000 on April 6 but fell back due to the breakdown of U.S.-Iran negotiations and Trump's announcement to block the Strait of Hormuz. There are internal disagreements within the Federal Reserve FOMC regarding interest rate cuts in 2026, and CME Fedwatch data shows that the probability of maintaining interest rates unchanged in the meetings on April 29 and June 17 is over 98%.
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