Binance sees October Bitcoin uptickPhoto: 123RFThe Thai unit of Binance, the world's largest cryptocurrency exchange, believes the price of Bitcoin will start to climb by October, suggesting investors trade with caution as escalating tensions in the Middle East could be short-lived. Nirun Fuwattananukul, chief executive of Binance TH by Gulf Binance, said the cryptocurrency market has remained relatively stable even as the Middle East conflicts have intensified. Bitcoin recently rebounded above US$70,000, showing resilience despite heightened geopolitical tensions in the Middle East, noted Mr Nirun. A bear market rally to around $80,000 is possible, though prices could also fall to $50,000, noted Binance TH. The $52,000-55,000 range is an interesting accumulation zone for long-term investors, noted the exchange.

Source: Bangkok Post March 07, 2026 14:53 UTC