The current market position is not good to continue the bullish trend and #BTC is not ready for the next move until unless the situation becomes clear. We are facing two major issues right now which has stopped BTC for further rise.

The CPI data announcement and the brutal war between Isreal and Palestine (HAMAS). I have noticed that wars and global viruses have put deep impact on the crypto market.

We have just seen the COVID downtrend which takes the price down to the ground. It took around 2-3 years to recover back and now we are in the war phase. This will be another shocking for the crypto market and is possible for Bitcoin to go down and down if the war not settles.

The major countries which must not step in this war are America, Iran, China, England and Russia. They are the countries if they get involved then there is more chance for Bitcoin to go down and down.

As I discussed in my previous post that #BTC will remain at the range bound of $24K-$28K till the end of the year. But in case of war that even get worse the scenario will change. The BTC price will go down below $20K and even more.

We may see a late movement of market price after halving until the situation is not settled. Halving reaction will be delayed and the prices will not go up in a way which it must have to go. This is all because of this current war which is continue.

Strategies for Bitcoin and Altcoin Investors

Now the question is what would be the fate of other cryptocurrencies if #Bitcoin drop below $20K? What will happen to all those investors who are holding high volatile coin and who are with altcoins?

Its quite obvious that altcoin will bleed badly and we may see another discounted price. There will no other way instead to hold and wait who are holding altcoins.

For those who are with other altcoins must change their strategy and being remain invested move to Bitcoin which is more stable then altcoins. This is not a financial advice rather my suggestion to give you a safer move.

What do you people think about the Bitcoin move in the coming month? Do you think WARS have greater impact on the crypto market? Will be glad to see your answers in the comment section.

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