📛⛔️‼️ WHERE IS BTC HEADED NEXT, SHOULD WE CONSIDER BUYING ALTCOINS? 📛⛔️‼️
$BTC experienced an $8,000 drop in value following the recent escalation in war tensions. It also breached a significant support level after days of accumulating within a wide range. Currently, BTC is hovering around $63,500.
Several factors influenced the price movement of BTC:
1. Halving Events: Historically, BTC tends to retrace and accumulate at lower levels after reaching an all-time high prior to halving events. With another halving on the horizon, this pattern might repeat itself.
2. War: Escalating tensions between Israel and Iran significantly impacted BTC's movements. Continued unrest could lead to further corrections in BTC's price.
3. Massive Liquidity: Long orders have been placed below $60,000, and if BTC dips below $58,000, there is a risk of those orders being liquidated. A retest of $58,000 followed by a potential drop to $55,000 is anticipated.
In the realm of altcoins, the current dip presents an opportunity to gradually enhance your portfolio. The impending bull run offers a promising outlook, with significant potential growth ahead. Join the Alpha Community for access to the top 50 tokens highlighted for this bullish period.
