Bitcoin Coinbase Premium Revenue – Is 90 thousand dollars in cards?

Bitcoin (BTC) The Coinbase Premium index reached its highest level since February 20, after BTC prices increased by 5 % on March 19.

Back from Coinbase Premium is the most prominent bitcoin accumulation

The Coinbase Premium indicates the price difference between Coinbase and Binance prices for BTC couples, as the high value of American investors who pass by a stronger purchase pressure. The index measures American retail interest, but WoonMinkyu, a check -up analyst in Cryptoquant, He said It may also indicate a strong accumulation of American institutions and whales.

The analyst explained that EMA for 30 days of the index crossed the EMA level for 100 days, which means the presence of senior players. The analyst added,

“Previous trends show that when this indicator rises, BTC Bull markets tend to continue. High probability of accumulation, making it a major moment to monitor BTC momentum.”

Coinbase Pro was combined into Coinbase Advanced (a platform used by companies such as Strategy and Tesla to buy BTC) in early 2024. Therefore, it is reasonable that the Coinbase premium also represents an institutional interest for us.

Related: 77 thousand dollars is likely to be the bottom of Bitcoin as QT is “an effective dead” – analysts

Can Bitcoin recover $ 90,000 in March?

One of the main positives that have been observed on the one -day graph of the BTC is the bullish restoration of the 200 -day SIA moving average (orange line). When the prices remain higher than the 200 -day EMA level, the possibility of a bullish trend in BTC increases to form higher levels in the chart.

After a successful outbreak over the resistance of $ 85,000, converting the level to support increases the improvement of the test of the test 90,000 dollars. On the daily chart, the Bitcoin price also wore the lower range of Bollenger (BB), with the scale moving average higher than the level of $ 90,000.

The bullish narration is nullified if a daily candle is closed less than $ 85,000 before the end of the week. Michael Van de Bob, founder of MN Consultance, shared a bullish position and said it was Expected Continue operation to re -test 90,000 dollars in the next few days.

However, Max, the founder of Amorbitcoin, He said BTC may have “a little more work to do.” The analyst said the EMA Cloud indicators continue to suppress BTC less than $ 88,000 and $ 90,000. Max added,

“Bitcoin escalates in each time frame with the exception of daily and weekly (RSI

Likewise, Koroush AK Proposal Merchants remain cautious until a transformation occurs in the market structure. The trader indicated that Bitcoin (BTC) prices are currently at a critical level of less than $ 90,000; The opportunity to correct less than $ 73,000 is a threat.

Related: Why does Bitcoin increase today?

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.