With the war happening between Russia and Ukraine, for sure there's an effect to the crypto market, therefore I expect that the bearish market will continue and it will result in more panic. Well, the price has slightly recovered, however, we are still not in the comfort zone, it's still very low compared to its ATH, so I'm guessing, maybe we will see $20k over time.
But so far though, even if there is a war in Europe, the price is very strong at $38k-$39k.
I know it's a bit surprising, but I guess the price is not going to the lows of $20k because investors might be putting their money on bitcoin right now. So I'm seeing the price to be really trying to break that $40k barrier even if we are at war. And it just shows how bitcoin can be in case of war outbreak. People are going to flock to hedge their wealth could be the main reason.