Bitcoin Price Prediction as BTC Slips Under $29,000 Support – Where is the Next BTC Target?
As Bitcoin's price dips below the $29,000 support level, market observers and investors are keen to forecast the cryptocurrency's next target. In this Bitcoin price prediction article, we will examine the factors contributing to the recent decline and analyze potential scenarios for BTC's future trajectory.
On April 13, Twitter and the Israeli cryptocurrency exchange eToro announced a new partnership that would enable the trading of equities and cryptocurrencies on social media. When Twitter users see other users tweeting about a cryptocurrency, they can click a button that directs them to the eToro site, where they can execute a transaction for that coin.
Additionally, on Tuesday, April 18, Twitter introduced Bitcoin price quotes on its social media platform, accessible through its search tool. TradingView, a charting application, supplies the price quotes. Notably, only BTC price quotes seem to be available, not those of other major cryptocurrencies.
Furthermore, a disclaimer stating "Your Capital Is At Risk" appears alongside the Bitcoin price chart. Bitcoin accounts for 46% of the global crypto market value, and the BTC/USD pair is anticipated to surge following the collaboration with Twitter. Please write in English language.
The Chicago Mercantile Exchange (CME) Group stated that it plans to broaden its digital currency options by including more possibilities to its regular and micro-sized Bitcoin and Ether contracts. According to CME Group, this action intends to provide market players with greater precision and flexibility to handle the risk of short-term changes in Bitcoin values.
These new contracts will be accessible beginning May 22 after receiving regulatory approval, and expiries will be available every working
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