Coinbase Premium & MA Index Shows Uptrend of #Bitcoin
It's up to 99k again:
- Coinbase Premium: An index that measures the difference in Bitcoin price between Coinbase and other exchanges. A high level of this index shows strong demand for Bitcoin on Coinbase.
Golden Cross appears when the short-term MA (24 hours) crosses above the long-term MA (168 hours), signaling an uptrend => Currently, Bitcoin's long-term MA has turned from bearish to bullish, creating a positive sign for price recovery.
The price of $BTC is also fluctuating in a narrow range, and if there is enough demand, Bitcoin can "break out" and continue to increase in price.