Bitcoin price gains expected based on Coinbase premium golden cross, indicating positive news for BTC.

From Cointelegraph.com

October 4, 2024 05:09:34 AM:

1. Despite strong demand for Bitcoin in the US, concerns remain about whether the Coinbase premium can prevent further downside in BTC price action.

2. As Bitcoin struggles to hold above $32,000, analysts are looking to the Coinbase premium as a potential indicator of where the price may be heading next.

3. The premium on Coinbase, which measures the difference between the BTC price on the exchange and the spot market, has historically been a key factor in predicting price movements.

Read more at Cointelegraph: Bitcoin analysis sees BTC price gains on Coinbase premium golden cross