As confirmed by the parties involved, Iran has fired missiles, marking a distinct situation compared to previous instances. Following numerous significant events, Iran announced its intention to strike Israel, typically executing such actions after Friday market closures, allowing developments to settle by Monday. However, today presents a different scenario. What are the latest predictions regarding BTC and DOGE?
What’s Happening in Cryptocurrencies?
BTC price briefly dipped below the $62,000 support level but was trading at $62,150 at the time of writing. Bloomberg reported that Iran would fire missiles within 12 hours, a claim confirmed by U.S. officials. With the missiles launched, geopolitical tensions are escalating.
Israel has been attacking Palestinian territories indiscriminately and is now attempting to intercept missiles from Iran. After taking significant steps to escalate the conflict into Lebanon today, a response was swift. Continued tensions could lead to further declines in global risk markets, with U.S. markets down 1.5%, Apple shares dropping 2%, and Coinbase shares plummeting 8%.
BTC and DOGE Comments
Before a potential acceleration in the downturn of cryptocurrencies, Michael Poppe noted that the first week of October historically trends downward. He indicated a possible rebound in cryptocurrencies after a drop to $60,500.
Moustache remarked,
“BTC is one step away from breaking out of its downtrend channel and beginning this cycle’s parabolic move, showing pre-2020 parabolic signals.”
Although the long-term chart appears promising, the risk of war is currently dampening investor appetite. Assets like SHIB have experienced losses exceeding 5%. Analyzing altcoins, Ali Martinez predicts a rise for DOGE, citing on-chain signals.
“Dogecoin 
$0.416524‘s network is experiencing significant growth! There was a 72% increase in new $DOGE addresses over the past week, with 19,630 new #DOGE addresses created yesterday alone!”
As we conclude, BTC has fallen below $62,000 again, with reports indicating Iran launched 100 missiles. If no new missile news arises, shock drops may reverse in the coming hours.
