Correction
Crypto Market correction driven by investor ‘fear spikes’ ahead of Powell speech
Cryptocurrency investors are bracing for the US Federal Reserve’s annual gathering in Jackson Hole on Friday, where Chair Jerome Powell’s remarks may provide key signals on interest rate policy heading into September’s Federal Open Market Committee meeting. Bitcoin (BTC) briefly fell to $112,565 on Wednesday, a two-week low last seen on Aug. 3, Cointelegraph data […]
Bitcoin’s Next “Price Discovery Correction” Could Be Around the Corner
Key points: Bitcoin has enjoyed six weeks of its latest “price discovery uptrend” — but a correction is now due. Analysis shows that in previous halving cycles, BTC price tends to halt its second uptrend after five to seven weeks. A new dip now would still allow fresh all-time highs in Q4. Bitcoin (BTC) may […]