Bitcoin is looking to enter into the $65,000 price terrain again amidst price volatility in the past 24 hours. The latest numbers from two different metrics suggest this could become a reality soon and Bitcoin could be on track to going on a price rally. As noted by a crypto analyst on social media, the Bitcoin funding rate and basis points to a “leg up.”
Bitcoin Is Getting Ready
According to a post on social media by Will Clemente, a popular crypto analyst, both the funding rate and 3-month annualized basis for Bitcoin are starting to cool off after briefly reaching negative readings in the past few weeks. What this means is that long-position trades for the asset are starting to dominate as investors regain confidence in its potential price action in the coming weeks.
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Did a nice look-through of the market for the first time in a week.
Funding rates & Basis have b
We współpracy z: https://bitcoinist.com/bitcoin-getting-ready-to-rally/
