Coinbase Premium Index and EMA14: A Guiding Light for Investors?

With the approval of Spot ETFs, I started to follow the Coinbase Premium Index much more closely.

When we examine the 14-Day EMA with CPI data, we capture an interesting detail.

We witness that when the CPI data remains above EMA14, Bitcoin price makes strong upward movements. You can see this very clearly in the graph.

Exception

Of course, there are exceptions, but when we look at these exceptional periods, we see that it was a period of excessive macro-economic influence.

Current Situation

When we examine the current data, we see that CPI is at 0.017 points while EMA14 is at -0.0091 points, which is positive.

With the Coinbase Premium Index remaining in positive territory, we can expect EMA14 to turn positive as well. It would not be wrong to think that this will be a data that supports the rise.

Thank you for reading

Written by burakkesmeci