Iran's 100-missile attack on Bitcoin$BTC

(BTC) has pulled its price below $ 62,000. Expert Michael Poppe targets $ 60,500 for BTC and states that the downward trend continues in the first week of October. Ali Martinez, on the other hand, emphasized that interest has increased by drawing attention to the increase in new Dogecoin (DOGE) addresses.

At the time of writing, Iran has fired its missiles, and this is a different pattern from previous attacks. Iran has announced that it will target Israel and has usually carried out this attack after the market closes. However, this time the situation is different. Experts share their latest predictions for BTC and DOGE.

The BTC price briefly fell below the $62,000 support at the time of writing, but has since returned to trading at $62,150. Bloomberg reported that Iran would launch missiles within 12 hours, and US officials confirmed this. Geopolitical tensions have also increased with the launch of the missiles. Israel, which has been carrying out indiscriminate attacks on civilians in Palestinian territories, is now trying to block Iranian missiles. While the war took its first major step towards moving to Lebanon today, the response was not long in coming. If tensions continue to rise, global risk markets could see further declines. US markets lost 1.5%, Apple shares lost 2%, and Coinbase shares lost 8%.

Analysis on BTC and DOGE

Before the cryptocurrency decline accelerates, Michael Poppe reminds us that the first week of October is historically bearish. Poppe believes that if BTC falls to $60,500, then an expected rally may begin. “BTC is one step away from breaking out of the downtrend channel and starting a parabolic run. It is currently showing signs of a 2020 pre-parabolic,” he says.

Although things look good on the long-term chart, the risk of war is undermining investors' appetite in the short term. Assets like SHIB have lost over 5%. Ali Martinez, who evaluates altcoins, is bullish on DOGE due to on-chain signals.

“Dogecoin$DOGE

“It’s experiencing significant growth at $0.107547! There’s been a 72% increase in new $DOGE addresses over the past week, with 19,630 new DOGE addresses created just yesterday!”

At the end of the article, BTC was back below $62,000 and Iran reportedly fired 100 missiles. If there are no new missile reports, this sudden drop could be reversed in the coming hours.