Crypto
Coinbase Premium Flips Positive, Institutional Demand Boosts BTC
The Coinbase Premium for BTC has turned positive, indicating strong institutional demand in the US market.
This development aligns with bullish sentiment in the broader crypto market and supports price prediction models that take into account institutional flows rather than retail hype.
As Bitcoin trades at $79,593.43, it's testing upper Bollinger resistance at $80,461.61, while the RSI is at 58.14, showing neutral momentum.
A healthy retracement to the 50-EMA support at $76,763.02 seems probable before continuation, especially as the MACD indicates a death cross yet the EMA200 at $69,721.13 holds as long-term floor.