Amid fluctuations of Bitcoin, currently hovering below the $115,000 mark, experts warn about potential risks for investors and the influence of external factors on the crypto market.
Expert Predictions for Bitcoin
According to analysts, the growth of Bitcoin, having increased over 700% from its lows, raises concerns. One expert, Roman Trading, previously predicted unexpected success for Bitcoin, but now warns of possible signs similar to those observed before the 2021 downturn.
> “Indeed, my recent statements have been bold. My intention isn’t to incite panic but to illuminate both the risks and rewards. Observing a 700% rise from the lows of $15,000, early signs reminiscent of the 2021 bearish indicators appear.”
Investors are urged to exercise vigilance to safeguard their assets.
Impact of Global Politics on the Crypto Market
Recent political tensions, including Trump's criticism of India's oil transactions with Russia, may impact crypto markets. Possible actions, such as imposing higher tariffs on goods from countries like China and India, could lead to short-term declines in cryptocurrencies. It is vital to closely monitor political developments in such unpredictable times.
Current Situation Analysis of Altcoins
In contrast to Bitcoin, altcoins still struggle to reach their historical highs. Given the current situation, ETH shows stable support at 0.03BTC, explaining the absence of a sudden downturn for altcoins. Surpassing the 0.033BTC threshold could spark a notable altcoin rally. However, aggravating circumstances concerning Russia may prompt heightened caution, possibly resulting in a downturn to the 0.025BTC level, translating to 30-40% losses for altcoins.
Amidst an unstable political environment and increased market volatility, analysts underscore the importance of a thoughtful approach to investments and close attention to external factors.
