The post BTC Prediction: As Banks Fail and Bitcoin Heads Back to $25,000, Learn How yPredict Might Make You Some Profit in the Meantime appeared first on Coinpedia Fintech News
Bitcoin fell by a small but worrying 3% today as the cryptocurrency rolled over from the $30,000 high and slipped as low as $28,290 during the session. The worrying part about the rollover is that BTC has attempted to reclaim territory above $30,000 since mid-April and has failed on each attempt. Furthermore, today’s price drop was a reaction to another wave of banking concerns after First Republic Bank looked for a buyout deal following the Silicon Valley Bank and Signature Bank collapse.
As a result of the repeated failed attempts to reclaim $30,000, analysts are starting to believe BTC might be heading back beneath $25,000 before being able to push higher again. However, while Bitcoin falls, it seems that investors are starting to rotate their profits into a new presale project designed to make traders more
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