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Bitcoin’s chart signals a potential drop to $38k, driven by a “sell the fact” trend following ETF debuts, resulting in a 5% decline to $42,600 since the US approval of a Spot Bitcoin ETF. Amidst this, Borroe Finance ($ROE) a new AI in the Web3 space, continues to attract investors in its ongoing presale, with nearly $3 million raised so far, underscoring the increasing enthusiasm for decentralized finance.
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Bitcoin (BTC) Price Prediction Analysis
On Jan.11, the Securities and Exchange Commission (SEC) granted approval for the inaugural spot bitcoin ETFs, allowing them to enter the trading arena.
This approval holds substantial importance for investors, expanding avenues for bitcoin exposure through established financial instruments.
However, the market response to the official spot ETF approval displayed mixed reactions, with Bitcoin’s price initially fluctuating and later seeing a slight decline.
Interestingly, some altcoins rebounded, suggesting an early indication of a potential reversal in their price trends.
Currently, The daily chart of the BTC price suggests that the cryptocurrency is heading to close the gap between $39,515 and $40,410, with the RSI indicating bearish momentum.
The price has been making higher highs and lows since the rebound from $20,000, signaling potential bearish momentum at the $43,000 level.
Conversely, if the price falls below $38,000, it could trigger more selling, potentially driving the price down to $35,000-$36,000.
Bitcoin (BTC) is currently trading at $42,607, as per Data from CoinGecko.
Borroe Finance ($ROE) Continue To Soar
Borroe Finance ($ROE), an AI-powered funding marketplace, has seen remarkable growth, securing over $2.6 million in its ongoing fourth presale stage.
The value of the $ROE altcoin, priced at $0.019 per token, underscores the project’s fundraising success.
Operating on the Polygon blockchain, a sidechain of Ethereum, Borroe Finance pioneers an innovative fundraising platform.
The platform enables businesses to tokenize future revenue streams into tradable NFTs, offering a swift capital-raising mechanism for growth.
What sets Borroe Finance apart is its NFT marketplace, providing creators with a specialized channel for immediate access to funds based on continuous future earnings.
The $ROE Altcoin, designed as a deflationary asset, emphasizes scarcity, ensuring gradual value appreciation and encouraging long-term HODLing for investors.
Led by Web3 and fintech industry veterans Maxim Prishchepo and Michael Price, Borroe Finance’s leadership reinforces the project’s commitment to success. In a complex Web3 landscape marred by rug pulls and scams, a reputable team distinguishes genuine platforms from mere hype-driven coin offerings.
Prioritizing transparency and security, Borroe Finance ($ROE) holds compliance certification from BlockAudit after a thorough examination of its smart contracts.
The public visibility of the project’s smart contract address also solidifies its commitment to openness and security.
Learn more about Borroe Finance ($ROE) here:
Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter
Source: https://finbold.com/bitcoins-chart-points-to-possible-38k-dip-borroe-finance-presale-close-to-3-million-in-the-midst-of-excitement/