Bitcoin analysts fear new BTC price dip as funding rates drop post Fed

Bitcoin analysts fear new BTC price dip as funding rates drop post Fed

Bitcoin (BTC) created resistance at $37,500 on Friday amid an increasing consensus that a new dive was underway. 

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Funding signals dip expectations

Data from Cointelegraph Markets Pro and TradingView revealed $37,500 as the ceiling which capped price action overnight into Friday.

BTC/USD had recovered from a trip to local lows of $35,500 after comments from the United States Federal Reserve, but previous highs still eluded bulls.

Now,…


Source link

About bitcoin

Check Also

Giant Bitcoin 'Taproot Wizard' NFT Minted in Collaboration With Luxor Mining Pool – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my …

Leave a Reply

Your email address will not be published. Required fields are marked *