Bitcoin traders see $54K BTC price or lower amid Middle East tensions

BTC price expectations get flipped on their head as geopolitical uncertainty rocks Bitcoin and risk assets.

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Bitcoin (BTC) faces a trip to $54,000 or lower as fresh geopolitical upheaval takes its toll on BTC price strength.

Bitcoin traders are lining up sub-$60,000 BTC price targets after BTC/USD dropped more than 5% in 24 hours.

Market nerves over events in the Middle East have more than made themselves felt in crypto. The latest data from Cointelegraph Markets Pro and TradingView shows the total crypto market cap dropping 7.2% over two days.

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