Bitcoin’s value fell to $61,500 due to issues at Coinbase but analysts predict a rally above $70,000 soon.
Positive market indicators and exchange trends suggest reduced selling pressure, hinting at a potential price increase for the asset.Despite the surge above $63,000 on May 13, Bitcoin’s price retraced to $61,500 today . One reason that led to the plunge could be Coinbase’s operational issues.,” during which many users failed to conduct transactions or withdrawals. The company fixed the problem a few hours ago but BTC keeps trading below the $62K mark.
A score above 3.5 hints that the price is close to its peak, while a result below 1 warns about a bottom.What is BounceBit: Liquid Restaking on BitcoinSign-up FREE to receive our extended weekly market update and coin analysis report Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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