Bitcoin Price Prediction as BTC Approaches $30,000 Resistance – What is the Next BTC Target?
As Bitcoin inches closer to the $30,000 resistance level, investors and traders eagerly anticipate its next move. In this Bitcoin price prediction, we will explore various price predictions and analyze the factors that could influence its trajectory.
Will BTC break through this significant barrier and continue its upward trend, or will it face a pullback? Let's dive into the possible scenarios and targets for the world's largest cryptocurrency by market cap.
Bitcoin's value is gearing up for a surge to $35,000 as a new wave of banking crisis strains the Federal Reserve's balance sheet. According to an April 29 Wall Street Journal report, the US government may place First Republic Bank under FDIC receivership this weekend.
However, First Republic Bank is not the only one in danger, as 4-5 banks are currently experiencing bank deposit withdrawals in the billions. The Fed will need to print more money to save these struggling banks from collapsing.
As the Wall Street Journal reported, First Republic Bank is expected to be placed under FDIC receivership this weekend. Banks such as JPMorgan Chase & Co and PNC Financial Services are preparing to acquire it after the government closure.
First Republic's shares have plummeted over 75% since Monday, closing at $3.51 on Friday and dropping to $2.33 after hours. Wall Street insiders suggest that more banks may fail in the coming months.
Despite JPMorgan and PNC's efforts to provide a $30 billion deposit in March, First Republic Bank couldn't prevent continuous deposit withdrawals.
The collapse of First Republic Bank and the potential failures of other banks could significantly impact the cryptocurrency market, particularly Bitcoin (BTC). As the traditional financial system faces
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