Tags : Expected

Bitcoin

Bitcoin Weekly Outlook: Breakout Over $60K Expected on Coinbase Listing

Key Bitcoin Takeaways Bitcoin flirts with $60,000 for a breakout move. The cryptocurrency is trending inside a classically bullish ‘Ascending Triangle’ pattern. Coinbase’s listing on Nasdaq, US inflation data update this week promises further upside. Bitcoin has endured significant selling pressure over the last few trading sessions as it attempts to close above $60,000. The […]Read More

Bitcoin

Bitcoin Weekly Outlook: Milder Swings Expected Around FOMC Minutes

Bitcoin (BTC/USD) is paring a portion of its recent gains entering the new weekly session, trading just a little over $57,000 after breaching $60,000 last week. Bitcoin bullish bias weakens near $60,000. Source: BTCUSD on TradingView.com Investors have shifted their focus on the minutes from the Federal Reserve’s March meeting, coming out Wednesday in a […]Read More

Blockchain

Bitcoin Taproot Upgrade Expected to Begin Activation in July

A release date and activation timeline are set for Bitcoin’s Taproot upgrade, but developers and other stakeholders are still debating the best method to coordinate Bitcoin’s biggest upgrade since SegWit. Per a public IRC chat discussion, the code for the fully primed-and-ready Taproot upgrade will be deployed sometime between March 17 and March 31 (or […]Read More

Bitcoin

Bitcoin Rising Wedge Pattern May Bring Trouble for Bulls; Drop

Bitcoin failed to shoot past $50,000 on Sunday despite a growing bullish sentiment towards the said upside target. Instead, the benchmark cryptocurrency alerted about a potential bearish reversal after forming what the technical chartists call a “Rising Wedge” pattern. The BTC/USD exchange rate inched higher in recent days while leaving behind a trail of higher […]Read More