The Risk Of Imminent War Between The United States And Iran Has Changed The Situation

Bitcoin started the year 2020 with a price around $7.1K. The trend was rather downward in the first few days of the year as the price of Bitcoin fell back below $7K on January 3, 2020. Bitcoin was then priced at $6,850.

The price of Bitcoin was on its way down to around $6,500 when suddenly a major international event changed everything. It was on January 3, 2020 that Donald Trump ordered the U.S. Army to kill the Iranian General Soleimani who was in Iraq.

This event has made the risk of a war between the United States and Iran imminent.

As a result of this event, Bitcoin has shown that it is becoming a true global store of value.

Its price rose sharply from $6,850 to $7,380 in just a few hours.

The escalation of tensions with Donald Trump indicating that the U.S. was ready to attack 52 Iranian sites at any time fueled this upward movement in the price of Bitcoin.

On January 6, 2020, the $7.7K resistance was breached causing the price of Bitcoin to rise sharply again to $7,950.

Over the last few days, we have seen a decrease in the risk of war between Iran and the United States with Donald Trump’s less offensive speech.