Experts says "The market could see another selloff, due to rising global tensions".
During recent times, IMF has said that the macro-economic conditions (possibly inflation) will remain an obstacle and we can continue to see the bearish trend rally. In that sense, the International Monetary Fund (IMF) predicted that the market could see another pressure selloff from this point.
This week, we have witnessed a fall in the S&P 500 index fall to 4,118.63 (previous close) on Monday. And at the time of writing this article, the index is at 4,117.35. We can't predict whether it will move upwards or not. But if the global tensions remain the same, then they will surely contribute to the crash in the price of Bitcoin and other cryptocurrencies as well in near future.
In the end, to have better transparency, Bitcoin must close this week above $25,000 and Ethereum above $1,800. Only then we can predict the market's volatility for the upcoming future. Experts suggest that if Bitcoin's price can push above its current levels, then it has a high possibility of hitting $28,000 in the short term.
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