Iran is actively planning to retaliate and is reportedly planning an attack against Israel, as the latest intelligence reports revealed striking details. According to the Jerusalem report, Iran may initiate an attack on Israel within days, which may have global consequences, including impacting the price of gold, oil, and Bitcoin.
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Bitcoin To Dip Again?
Intelligence Reports and Statements
Israeli intelligence has revealed fresh details, adding that Iran may attack Israel within a span of a few days. The intelligence reports later revealed that Iran’s retaliatory attack now has a significant time frame.
Israeli Minister of Defense Yoav Gallant earlier shared how Iran and Hamas are planning something big against their nation. During one of his visits to defense forces on Sunday, Gallant reiterated how Iran may initiate a notable attack on their country.
“…are threatening to harm us in a way they haven’t done in the past. I hope that they will rethink and not lead to the outbreak of war on additional fronts. We do not want this, but we must be prepared.” Axios shared
Impact on Bitcoin
With such stark global tensions peaking, the financial domains of the world are gearing up for the biggest impact. According to a post by Trader on X, the Middle East war could send Bitcoin to a new low, with BTC trading at the lowest price threshold of $38K again.
Bitcoin had recently sunk below the $60K mark, which ultimately led the altcoin market to encounter price fluctuations. With such global tensions brewing again, BTC may once again experience friction, adding more pressure to its price momentum and trajectory.
What About Gold And Oil?
Potential Price Action
If Iran attacks Israel anytime in the near future, the price of gold and oil may show significant price action.
According to Trader, gold may hit an all-time high of $2700 as global crisis may pivot investors to invest in solid assets like gold. At the same time, oil prices may shoot up drastically, sending them back above 85.
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“Per intelligence reports, the Middle East war should start tomorrow or sometime tonight. This should send bitcoin to 38K (now 60K) and send gold to 2700. Oil back above 85.”