Urgent Bitcoin & Crypto Market Update & Analysis.

This is a slightly more serious and urgent Monday morning crypto update about what could potentially happen next in crypto over the next few months. 

Bitcoin and the wider crypto market was spooked by the escalating war in the Middle East over the weekend before making a rebound into the green this morning. 

Bitcoin is down over the past week by 6.4% and the altcoin market is starting to cool off in line with the altcoin hype cycle.

All eye's in crypto are on Bitcoins halving which is happening around the 19th of April and going on's in the Middle East which could really throw a spanner in the works but more on this in a moment. 

Bitcoin is currently transitioning from its retrace phase into its re-accumulation phase and even once Bitcoins halving has passed, Bitcoin will enter a period of sideways price action before really taking off a month or two after the halving. 

As for the wider altcoin market, it is currently cooling off inline with the historical Altcoin hype cycle and the altcoin market will bottom out in early summer before peaking out again in July if all goes to plan. 

As mentioned, the big spanner in the works here is the rising tensions in the Middle East and globally and any major escalation could spook investors which could cause a crash of sorts not just in the crypto market but in the stock market as well. 

And the reality is with all that's going on in the world, the crypto market is a roulette wheel at the moment and it really is a 50/50 shout whether investors walk away with profits or walk away with nothing. 

We aren't in normal times for geo-political reasons and crypto investors need to understand and take this on board and accept the risks. 

But even though the risks are big, the pay off could be huge should all go to plan.

So in summary, we live in uncertain times and whilst Bitcoin and the wider altcoin market is following historical trends and everything is going to plan so far, any major escalation in the Middle East could bring the house of cards down. 

And if you want even deeper crypto market analysis and coin research, I highly encourage you to join my Crypto Insider Pro Newsletter which you can join here and get 65% off.