Beware of Bitcoin’s ‘Rising Wedge,’ Chart Analyst Says
“Normally rising wedges resolve bearish,” crypto analyst and trader Josh Olszewicz told CoinDesk.
Price
Bitcoin Could Drop to $58K as Cool-Off Period Is Imminent, Swissblock Says
Bitcoin nearly doubled in price since late January, but a “counter move seems to be near,” Swissblock analysts said.
First Mover Americas: Coinbase Plans $1B Bond Sale
The latest price moves in crypto markets in context for March 13, 2024.
Ether Could See Price Correction After Dencun Upgrade, QCP Capital Says
QCP’s sentiment towards ether is cautiously optimistic, with concerns about potential corrections and the impact of leverage in the market.
Bitcoin Shoots Above $73K, Tumbles to $69K, Rebounds to $71K, Triggering $360M in Crypto Liquidations
Momentum behind bitcoin’s rally has waned so expect a period of consolidation, Matrixport analysts noted.
First Mover Americas: Ether Options Traders Prepare for Downside
The latest price moves in crypto markets in context for March 12, 2024.
Crypto Funding Rates Reset After Bitcoin’s Sharp Pullback From $69K
The market-wide resetting of funding rates means potential for a more long-lasting move to record highs in bitcoin.
Bitcoin’s Test of All-Time Highs Means Old Miners Are Cashing Out
Early miners are sending their old block rewards to exchanges, contributing to selling pressure as bitcoin retreats from testing all-time highs.
Bitcoin Soared to an All-Time High. So Why Aren’t Miners Blasting Off, Too?
One explanation: Investors are pouring money into spot ETFs while avoiding miners due to risks related to the Bitcoin halving.
Bitcoin Soars to New All-Time High Above $69K
The success of the spot ETFs which opened for business on January 11 was the catalyst for this latest bull run for the world’s largest crypto.