Negative Bitcoin funding rates could be bullish: analyst

2024-8-8 18:23

The Aug. 5 market plunge reversed Bitcoin’s funding rate for margin positions, potentially setting the stage for a bullish fourth quarter. Pseudonymous CryptoQuant analyst ShayanBTC said that Bitcoin’s (BTC) early-August decline may benefit the digital asset before this year ends.…

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bitcoin analyst bullish funding decline may early-august

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According to prominent crypto analyst Rekt Capital, Bitcoin is approaching a crucial technical level that, if broken, could set off a new parabolic bull run. In his latest video, Rekt Capital discusses the major resistance zone between $58,000 and $69,000, emphasizing how turning this area into support is key for Bitcoin’s next rally.

2023-11-9 19:30