Bitcoin is a yardstick to measure Venezuela’s reaction at $90,000.

BitcoinBTCCrypto markets responded to US military intervention in Venezuela by dropping below $90,000 on Saturday.

The following are key points.

• Bitcoin is trying to keep recent gains, as US forces prepare an assault on Venezuela’s Caracas.

• If certain price levels are maintained, traders remain confident about BTC’s future.

• Bitcoin gains have topped 5% over the past Christmas, as gold starts to falter on short timeframes.

Bitcoin faces “geopolitical pressure” Buy a $90,000 home

The Data of TradingView Bitstamp showed a BTC price reversal after a high of around $90940.

Donald Trump announced on Truth Social that Venezuelan President Juan Guaido had been taken hostage after the news that US airstrikes had hit Caracas. “flown out of the country.”

BTC/USD tried to hold onto some gains made in the early part of this year before futures return Sunday.

“We’re seeing some short-term selling pressure due to the ongoing US action against Venezuela, but I remain bullish in the near term,” The analytics account of @Wealthmanager has reacted to the news. post on X.

“If this situation doesn’t escalate further, I view the move as a temporary pullback, with a recovery likely soon. $96,000–$100,000 remains my target for the coming days/weeks.”

CME Group Bitcoin futures closed above $90,000 this week, according to Wealthmanager. This may have opened up a whole new market for Bitcoin. “gap” You can also find out more about the following: corresponding price target The upside

Lennaert Snyder, a crypto analyst, agreed that the future of TradFi will be determined by its return next week.

“There’s a lot of geopolitical tension and next week the big players will return. So we’ll probably see more volatility on Bitcoin after the weekend,” he told X Followers

Crypto trader, analyst and entrepreneur Michaël van de Poppe, meanwhile, described Bitcoin’s latest moves as a “classic” Venezuela reaction, maintaining a bullish outlook.

“The direction is clear for January: up we go, as long as Bitcoin remains above the 21-Day MA,” He concluded by referring to the simple 21-day moving average of $87,850.

BTC Price begins to revenge gold bull run

Bulls looked at Bitcoin’s relative strong performance against Gold over the Christmas period.

Related: Bitfinex whales go long BTC for 2026: 5 things to know in Bitcoin this week

After hitting new highs at $4,551 an ounce, XAU/USD dropped by as much as 6% and then stabilized. BTC/USD grew by up to 5%.

“An important thing to remember is that the last time Bitcoin started its parabolic rally was after Gold made the top,” Bull Theory: Trading and Analytics Resource commented Topics to consider

“So if $4550 was the top for Gold, this could be the start of money rotation from Gold to BTC.”

You can also read about the advantages of using Cointelegraph reportedGold finished the year 2025 with the best performance of any major asset. Bitcoin, on the other hand, was last despite reaching its highest levels in October.

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