South Korean analyst Andrew Kang, partner at Mechanism Capital, believes that Bitcoin is unlikely to experience significant corrections in the short term. He argues that recent measures taken by former President Trump during the trade war period represent a historical bottom for Bitcoin. According to Kang, current market conditions indicate an upward trajectory, suggesting that a deeper correction is improbable before Bitcoin reaches at least $140,000 to $160,000. However, the recent geopolitical tension between Israel and Iran has triggered a sell-off in cryptocurrencies. Fears of war have driven investors towards more stable assets like gold and government bonds. This heightened volatility has prompted concerns about potential disruptions to global oil transportation through the Strait of Hormuz, which is essential for 20% of global oil trade.