Trader Warns of Potential Short-Term Drop in Bitcoin Price Ahead of May Comeback

The cryptocurrency market has been under pressure since the recent US–Iran conflict, with Bitcoin showing signs of weakness after failing to break above $75K. A popular trader, Crypto Jack, is warning investors to sell Bitcoin now due to the potential for a short-term drop in price.

Crypto Jack believes that Bitcoin could fall to $48K before recovering in May. He cites rising tension between the US and Iran as one of the main concerns, with reports suggesting that Iran may skip the second round of peace talks scheduled for April 20 in Pakistan. The seizure of an Iranian-flagged cargo ship by the US has further escalated tensions.

In addition to geopolitical factors, financial signals are also turning negative. The Bank of Japan reportedly dumped $2.86 billion in US Treasuries, marking the largest liquidation in 30 years. This move is raising fresh fears across global markets and could have a negative impact on Bitcoin's price.