The crypto market is currently showing uncertainty, with many investors wary of volatile price movements. However, a recent analysis of the Coinbase Premium Index suggests that there is positive potential for Bitcoin.

The daily moving average is approaching a golden cross with the weekly average, which has recently turned from negative to positive. This indicates possible bullish momentum.

Bitcoin is also forming a tapering triangle pattern with higher lows. If demand increases, there is a good chance that Bitcoin will continue its uptrend. Although the crypto market in general is still volatile, the outlook for Bitcoin remains optimistic.