Bitcoin price looks for another rally as the banking crisis deepens. The closure of Silvergate, Silicon Valley Bank, and Signature bank by regulators have caused instability in the global market. As a result, Bitcoin and Gold prices are rallying massively.

Bitcoin and Ethereum prices are currently trading above $28,000 and $1800, respectively. BTC price is up 4% in the last 24 hours, with 24-hour low and high of $27,196 and $28,527, respectively. Meanwhile, the ETH price is stable and trading sideways in the last 24 hours.

Popular analyst Michael van de Poppe predicts a decline in BTC price as traders will look to book profits near the resistance at $28.3K. Holding above $27,700 is important for the BTC price to hit $30K this week.

(By Varinder Singh)