Bitcoin Price Prediction as BTC Falls Back Down to $30,000 Support – Where is the Next BTC Target?
Bitcoin's price has encountered a setback as it falls back down to the key support level of $30,000. At the time of writing, Bitcoin is trading at around $30,330.
Recent news surrounding the cryptocurrency market includes a Coinbase user's claim of account closure by Bank of America due to Bitcoin transactions, drawing attention to potential challenges faced by banks in accommodating digital assets.
Additionally, the ruling by Judge Torres that XRP is not considered a security in the SEC vs. Ripple case has received criticism from regulators, further highlighting the ongoing legal and regulatory developments in the cryptocurrency space.
As Bitcoin finds support at the $30,000 level, investors are now curious about the next BTC price movement target.
After a Coinbase customer voiced concerns about their account being closed by Bank of America due to Bitcoin transactions, the bank faced criticism.
Brian Armstrong, CEO of Coinbase, quickly addressed the issue and questioned if other users had encountered similar problems with Bank of America.
Muneeb Ali, co-founder of Stacks, a Bitcoin smart contract platform, took to Twitter on Wednesday to express that Bank of America had abruptly closed his bank account, which he had been using for 15 years, without providing any explanation.
This incident sparked backlash against the bank. Ali strongly suspects that using the bank account for purchasing Bitcoin through Coinbase led to its closure.
He tweeted, "This is a war on Bitcoin and crypto."
In response to Armstrong's inquiry, several individuals shared their own experiences, although some claimed they had not faced any issues.
However, a significant number disclosed that their banks had either closed or restricted their accounts due
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