The Coinbase Premium Index has just crossed the SMA14 line for the first time in 26 days at 03:04 AM on January 3rd. What does this mean?

According to the warning "When the Coinbase Premium Index crosses the SMA14, it signals the dominance of Bitcoin buyers," this event is an early indication that buyers from the U.S. are regaining an edge in the market.

Recall November 1st, 2024, when this index also crossed the SMA14, Bitcoin surged from $69,000 to $108,000, reaching a new peak.

Conclusion: If the Coinbase Premium Index continues to maintain above the SMA14, it is likely that buyers from the U.S. will continue to have a strong influence on Bitcoin prices.