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Bitcoin makes a new high of $27K- Are shorting opportunities limited
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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Bitcoin [BTC] retested the $26K price level twice within a week.
Investors partly fueled the retest, seeking alternatives following the U.S. bank run and declining faith in the traditional banking system.
Read Bitcoin [BTC] Price Prediction 2023-24 At press time, BTC’s value was $27.30K, hovering around its June 2022 price level.
Similarly, the move comes after First Republic Bank faced more trouble highlighting uneasiness in the U.S. banking sector. Could BTC’s rally be a flight for safety for investors hedging against the U.S.
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![Bitcoin [BTC] can witness a further price hike if these factors are checked](https://financemag.cash/storage/thumbs_400/img/2023/3/25/61485_yw5.jpg)
