Bitcoin Price Prediction as BTC Slips Under $29,000 Support – Where is the Next BTC Target?
Bitcoin’s current price stands at $30,266 with a 24-hour trading volume of $19 billion, which has increased by 2.30% over the past 24 hours. BTC’s price is currently showing a bearish inclination and may face immediate support near the $29,200 level. If the bearish trend develops further, BTC’s price could drop to the $28,750 and $28,230 levels. On the upside, the BTC/USD will face immediate resistance near $29,800 level, with further buying potentially pushing BTC toward the $30,600 level. Meanwhile, Twitter added Bitcoin price quotes on its social media platform using TradingView’s charting application, attracting attention from investors. The Chicago Mercantile Exchange also announced that it would expand its digital currency options by including daily expirations for Bitcoin futures options contracts in May. Moreover, Unchained Capital secured $60 million in funding to expand its financial services aimed at Bitcoin holders amidst fluctuating markets. The funding was led by Valour Equity Partners, who invest in SpaceX and Tesla, and supported by existing investors. Finally, to stay up-to-date with the latest ICO projects and altcoins, it is recommended to frequently consult the expert-curated list of the top 15 cryptocurrencies to watch in 2023.
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