Trading Expert Warns: Bitcoin Could Bottom Out At $38,000 Amid Geopolitical Turmoil

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2026-04-13 11:05:00

A prominent trading expert warns Bitcoin faces a potential plunge to $38,000 as escalating Middle East tensions threaten to shatter its current range. With the US-Iran ceasefire collapsing and former President Trump's move to block the Strait of Hormuz, global markets are already reeling—setting the stage for a sharp 10% correction in crypto. Asian equities opened deep in the red Monday, signaling bearish momentum that analysts predict will swiftly hit Bitcoin first.

Bitcoin To $38,000: Predicts Trading Expert

Bitcoin BTC Crash Red

Source: Hans Lucas / AFP via Getty Images

Leading market analyst TradingShot shared on TradingView, highlighting a chart that Bitcoin will bottom out at $38,000. That’s slashing around 45% of its current value and will be a deep cut in investors’ portfolios.wrote the analyst.

bitcoin btc bottom out $38,000

Source: TradngView

The trading expert forecasts that Bitcoin is on its way down to the $47,000 and $38,000 range. Taking an entry position at this level will be greatly beneficial to investors for the long term.the analyst summed it up.

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