Coinbase Wrapped BTC Price Prediction: CBBTC Climbs 1% As Traders Rush To Buy This ICO With A 1,195% APY
The Coinbase Wrapped BTC price posted a 1% gain over the past 24 hours to trade at $58,374.41 as of 7:32 a.m. EST as investors start to buy into the Bitcoin alternative. Throughout the past trading session, the CBBTC price rose from an intraday low of $57,559.21 to currently trade at its 24-hour high. The Coinbase Wrapped BTC Price Trades Sideways 4-hour chart for CBBTC/USD (Source: GeckoTerminal ) The Coinbase Wrapped BTC price plunged from a high of $85,424.35 to within a consolidation channel between $57,951.70 and $59,545.15 in the last 24 hours. Should the crypto drop below $57,951.70 through the course of the next trading day, it could be at risk of falling to the key support level at $55,452.80 in the short term. On the other hand, CBBTC overcoming the $59,545.15 barrier in the next 24 hours could invalidate the bearish thesis. In this alternative scenario, the Coinbase Wrapped BTC price could attempt to flip the $61,390.20 mark into support before potentially re-visiti...