Bitcoin Coinbase Premium Turns Positive After 10 Weeks – Is US Demand Finally Returning?

3 hours ago

Bitcoin’s recent price actionBTCUSD now trading at

Bitcoin Coinbase Premium Turns Positive After 10 Weeks – Is US Demand Finally Returning?

Bitcoin Coinbase Premium Turns Positive After 10 Weeks – Is US Demand Finally Returning?

Bitcoin’s recent price action

BTCUSD now trading at $71,741. Chart: TradingView

Bitcoin Price Chart. Source: @TedPillows On X

Related Reading

Bitcoin’s 300-week EMA is currently around $57,100. Applying the same pattern would imply a possible move to around $50,000, which would represent a decline of roughly 15% below the indicator. Nonetheless, this projection does not guarantee that Bitcoin will revisit that level before forming a bottom.

Featured image from Pexels, chart from TradingView

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