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Заголовок Bitcoin Short-Term Price Rally Likely As Coinbase Premium Flashes Green – CryptoQuant
Дата 20241005

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Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Short-Term Price Rally Likely As Coinbase Premium Flashes Green
CryptoQuant

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Short-Term Price Rally Likely As Coinbase Premium Flashes Green
CryptoQuant

by Godspower Owie

3 mins ago

in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin News

0

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s recent price swings are gradually raising bearish sentiment
around its price trajectory among crypto enthusiasts and investors. However,
considering positive developments around Coinbase Premium , the crypto asset
could be gearing up for a potential leg up in the short term, triggering hope
within the community.

Coinbase Premium Indicates A Short-Term Rally For Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin

In light of waning market conditions, Coinbase Premium, a key indicator of
investor sentiment is currently demonstrating positive trends, fueling the
potential for a rally in the short term for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, according to data from
on-chain analytic platform, CryptoQuant.

Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Closes In On $66,000: Here’s What’s Behind The Surge

The Coinbase Premium measures BTC s price differences on the Coinbase
platform and other cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта exchanges. When there is a positive reading,
this usually shows that institutional investors in the United States• Соединённые Штаты Америки (США) are
exerting significant buying pressure on the digital asset.

In the quicktake post, the expert recognized as Yonsei Dent claims a rally
could be on the horizon for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin following an analysis of the Coinbase
Premium Index on the 1-hour time frame in order to observe short-term momentum
by employing the 24-hour and weekly moving averages.

Utilizing this indication in tandem with historical BTC price movements, Dent
highlighted that when a golden cross forms, the crypto asset frequently sees
brief price upswings. This is because, historically, there have been notable
price swings right after the moving average on the 1-day time frame makes a
golden cross by decisively crossing over the weekly moving average.

Coinbase Premium signals possible rising | Source: CryptoQuant on X

Meanwhile, the index currently has broken over the weekly moving average
momentarily once again, and the difference between the weekly and daily
average is closing up consistently, hinting at a possible price spike in the
near future.

He further underlined a renewed upward pressure as a reason for a persistent
rise in demand among US• Экономика » Финансы » Платежные средства » Доллар США investors in spite of the price correction witnessed
on Tuesday, in which BTC fell from about $66,000 to the $61,000 threshold.
According to the expert, this steady increase in demand may signal that the
price of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin might be poised for a rebound in the short term.

A Price Dip To Take Place Before The Rally?

Even though BTC is set for a rally shortly, there is a potential that the
crypto asset could experience a dip before surging once again. Market expert
and enthusiast, Crypto Bullet in a recent post on X (formerly Twitter) has
warned of a price decline to the $57,000 level.

Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Ready For New All-Time High, But Analyst Says It
Needs To Clear This Level First

Crypto Bullet noted that during the time of the post, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin was trading at
the price range between $59,000 and $60,000 , which he underlined about 5 days
ago when BTC was valued at $65,000. Thus he believes the price could drop a
little lower to $57,000, hopefully after a brief uptick. We need to
take out that Sept 16th low at $57,500 and I believe that $57,000 dip will be
the ultimate low for the month, he added. BTC trading at $61,446 on the
1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Unsplash, chart from Tradingview.com

============= Итог: 3,5631 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin 2,9023 ; Экономика#Финансы#Платежные средства#Доллар США #Соединённые Штаты Америки (США) 2,0000 ; Соединённые Штаты Америки (США)#Доллар США

============= Объекты:

============= Географические объекты: 1 40.000000000,-100.000000000 Соединённые Штаты Америки (США)

============= Связи: Соединённые Штаты Америки (США) # ассоциации # Доллар США


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