Middle East Conflict Sparks Bitcoin Free Fall

Bitcoin has taken a sharp dip reaching the price of $60700. As I discussed in Yesterday's post that there is possibility for Bitcoin to go down and that happened.

I think there will be more declines in the price of #Bitcoin. The main reason is the unstable condition in the middle east. War will surely bring crashes in all financial markets

I will prefer to take short positions with proper stoploss. Right now the market trend is bearish and there is no any reason for long positions.

According to my analysis, I will predict that Bitcoin will reach the level of $50K at least.

After that market will take some pumps. The market will now only recover if the situation in the middle east gets stable and the war stops. In other case there is no possibility for market pullback.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

IMAGE TAKEN FROM CANVA

Thank You!
Best Wishes.

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