Bitcoin Coinbase Premium Falls To Record Lows, Potential Price Drop Imminent?

Quick Summary:

A key Bitcoin metric that has frequently flagged a potential short-term rally for BTC in the past few weeks has fallen into bearish territory, indicating a shift in interest among investors towards the largest cryptocurrency asset.

According to Moustache, a market expert noted that Bitcoin seems to have successfully broken out a descending broadening wedge following its weekly close.

The platform noted that the value of the signal points to a possible fall in US-based trading platforms like Coinbase at the moment.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: HungaryUnited States

Topics: Bitcoin's Coinbase Premium Index Moustache Btc Btcusd Bitcoin News Coinbase Bitcoin BTCUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 00:00:31 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23313212

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 13 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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