Iran’s missile attack on Israel yesterday evening raised tensions in the Middle East again. Bitcoin and US stocks fell sharply yesterday evening. The largest cryptocurrency also fell below $61 thousand.

Peter Brandt: We need to see a peak

Famous analyst Peter Brandt, on the other hand, stated in his evaluation on his X account that the upward movement seen in Bitcoin for 2 years should be justified by some conditions:

“The recent rises in Bitcoin have not actually broken the downward trajectory we have seen for 7 months. We continue to see low peaks and low lows. The continuation of the upward movement seen since November 2022 needs to be confirmed and confirmed. For this, I think that a closing above $71 thousand and a new peak should be seen again.”

Willy Woo: I think there will be no ‘Uptober’

Willy Woo, a Bitcoin supporter and known for his chart analyses, also responded to Brandt’s comment. Woo said the following:

“It looks bearish in the medium term, but there is an effort to move to neutral and upwards. ATH will take time. I think there will be no ‘Uptober’. This month, November and December may pass with a horizontal trend. But I expect a long term rise.”