Undoubtedly, one of the most discussed topics in the cryptocurrency market right now is the Bitcoin Halving, which is only hours away amidst recent declines.

Investors who witnessed a new All-Time High (ATH) before the halving were anticipating a robust BTC rally afterward. However, tensions between Iran and Israel have cast a shadow over the halving and dampened rise expectations.

While investors were concerned about the delayed rally post-halving, updated assessments have been provided by analysts from 21Shares and Coinbase, notably David Han.

In a recent report, 21Shares analysts highlighted that tensions in the Middle East may cause potential fluctuations in Bitcoin prices. They argue that BTC is likely to continue trading sideways until the situation between the two countries becomes clearer.

In addition to the insights from 21Shares analysts, David Han, in his weekly Coinbase report, also emphasized the impact of macroeconomic factors exacerbated by tensions in the Middle East.

Han noted that geopolitical tensions in the region are negatively impacting macroeconomic factors, which, in turn, affect the BTC and crypto market.

The analyst points out that while previous halvings historically initiated a bull market, these increases are often accompanied by additional catalysts. He believes that the surge in demand for BTC ETFs and institutional adoption will play a significant role in the expected rise following this halving. #bitcoinhalving #BTC🔥🔥🔥🔥🔥🔥 #Cryptocurrencies #HalvingComingSoon #BitcoinHodlers