Coinbase (COIN: NASDAQ)
Coinbase (COIN), a crypto financial infrastructure provider, is expected to maintain stability in interest income, especially with the stability of USDC market capitalization in Q3.
The anticipation of the first-ever spot Bitcoin ETF for the U.S. market and the upcoming Bitcoin halving event in April 2024 are considered bullish factors. The launch of the ETF could boost Bitcoin prices and attract retail investors, while the halving event is expected to generate significant attention in the crypto space.
The recommended bullish stance on COIN is contingent on the stock staying above the $67.50-$68.00 level, with an upside target at $114.00-$115.00.
The anticipation of the first-ever spot Bitcoin ETF for the U.S. market and the upcoming Bitcoin halving event in April 2024 are considered bullish factors. The launch of the ETF could boost Bitcoin prices and attract retail investors, while the halving event is expected to generate significant attention in the crypto space.
The recommended bullish stance on COIN is contingent on the stock staying above the $67.50-$68.00 level, with an upside target at $114.00-$115.00.
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