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Bitcoin closed last week with a decline of approximately 4.13%, currently trading between $66,000 and $67,500 (which is roughly 87,500,000 Iraqi Dinars).
Factors Influencing This Week
Several reasons are driving the market towards caution:
Geopolitical Tensions: Ongoing fears of expanding conflicts in the region negatively impact investors' risk appetite, prompting them to move away from digital assets.
Options Contracts: The expiration of large options contracts worth $14 billion last Friday increased market volatility and led to liquidations in long positions.
Inflationary Pressures: Persistent inflation data make traders worried about interest rate policies, adding further pressure on the price.
Forecast Scenarios
Analysts' opinions vary for this week and the coming weeks: $BTC #btc