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[FxPro Analyst: The Easing Of Tensions Between Israel And Lebanon Has Weakened Investors' Demand For Safe-haven Assets Such As Bitcoin] Alex Kuptsikevich, Chief Market Analyst At FxPro, Mentioned That The Recent Deep Pullback In Bitcoin May Be Attributed To Other Factors. The Easing Of Geopolitical Tensions Between Lebanon And Israel Has Weakened Investors' Demand For Safe-haven Assets Such As Bitcoin. In Addition, Matt Middle East And North Africa, A Crypto Research Strategist At 21Shares, Said That This Behavior Of Callbacks Also Occurred At Bitcoin's Previous Highs. He Explained: "In March Of This Year, When Bitcoin Hovered Around Its 2021 Historical High Of $69,000, A Similar Pattern Also Appeared. Bitcoin Hovered At This Price For Nearly Seven Days Before Finally Breaking Through... When The Price Approached This Level, Many Participants In The Previous Cycle Began To Take Profits Because They Expected A Possible Pullback."
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