Bitcoin price $90K breakout hangs in balance as US storms Venezuela

Bitcoin is currently facing a pause in its attempt to break to new 2026 highs near $91,000. This stall appears to be influenced by rising geopolitical tensions, specifically involving the US actions against Venezuela. As traditional financial markets remain closed, Bitcoin is experiencing higher volatility within a lower liquidity environment. While Bitcoin shows strong support and has a high potential for short-term upward movement, increased geopolitical risks necessitate caution among traders. A successful breakout above $91,000 could trigger further bullish momentum, whereas failure to achieve this may lead to a potential reversal and corrective phase. Traders need to remain vigilant of critical support and resistance levels.