Coinbase Global Stock Forecast: $COIN sinks on Bitcoin price weekend sell-off
Coinbaseis trending below here, around $70.50, it appears further weakness is ahead. This is a shame for bulls since the 9-day moving average only recently made the jump above the 21-day moving average. Now it will likely fall back to its bearish persuasion.. A consolidation is normally in order whensuffers a surprise weekend sell-off. The equity market is also in a risk-off mood ahead of the Fed announcement on interest rates this Wednesday, so expect this weakness to continue.
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