đ Bitcoin's Rollercoaster Ride Amid Geopolitical Tensions! đ
The crypto market took a hit as geopolitical tensions soared with Iran's missile strikes on Israel. Bitcoin dipped below $60,500 but managed a modest recovery. Despite the turbulence, US-based investor demand remains robust, offering a glimmer of hope for BTC enthusiasts.
đ Bullish Signals from Coinbase Premium Index đ
CryptoQuant's October 3 analysis highlights a potential short-term Bitcoin price increase. The Coinbase Premium Index shows a bullish indicator as the daily moving average forms a golden cross over the weekly. Historically, this pattern has led to price upticks, driven by strong US investor demand.
đŒ Record Outflows from Exchanges đŒ
Adding to the optimism, Bitcoin has seen its largest outflow from exchanges since November 2022. This trend suggests investors are moving BTC to private wallets, reducing exchange supply and potentially boosting prices. Confidence in Bitcoin's long-term potential remains strong!
Stay tuned for more BTC updates! đ
