Bitcoin Coinbase Premium Returns -Is the $ 90K BTC price on the card?

The BTC (Bitcoin) Coinbase Premium Index has reached the highest level since February 20 after the BTC price increased by 5% on March 19.

Returns of Coinbase Premium emphasize the accumulation of Bitcoin

Coinbase Premium Index measures the price difference between the BTC pairs of Coinbase and Binance, where higher value signals US investors who indicate more powerful purchasing pressure. The index measures US retail interests, but Woonminkyu, a proven analyst in Cryptoquant, can know the powerful accumulation of US institutions and whales.

The analyst explained that the 30 -day EMA of the index means the existence of a large player beyond the 100 -day EMA level. Added by the analyst

“According to the past trend, the BTC bull market tends to continue when the indicators rise. It is an important moment for monitoring the momentum of BTC because of its high possibility of accumulation stage.”

Coinbase Pro was integrated into Coinbase Advanced in early 2024 into the Coinbase Advanced. Therefore, Coinbase Premium is also plausible to indicate the US institutional interest in a particular range.

Related: $ 77K QT The Bitcoin floor is ‘effectively died’ -The analystist

Can Bitcoin get $ 90K in March?

One of the main positive observed on the BTC’s 1st chart is an optimistic recovery for the 200 -day index moving average (orange line). If the price increases the 200 -day EMA level, the probability that the BTC will form higher the highest on the chart increases.

Switching a successful breakdown level of more than $ 85,000 to support the likelihood of $ 90,000. In the daily chart, Bitcoin Price popped out of the low range of Blinger Bands (BB), and the metric’s moving average remains at least $ 90,000.

If the candle is finished at less than $ 85,000 every day before the end of the week, the story of the strong will be invalidated. Michael Van de Poppe, the founder of Mn Consultancy, has shared an optimistic position and expects to continue $ 90,000 again for the next few days.

But Max, the founder of Kidecoin, said BTC said, “There is little to do.” Analysts said EMA cloud indicators continue to suppress BTC to $ 88,000 and less than $ 90,000. Add max,

“Bitcoin

Similarly, the encryption merchant KOROUSH AK suggested that the merchant will be carefully maintained until the market structure changes. Trader mentioned that Bitcoin (BTC) prices are currently at a critical level of less than $ 90,000. The possibility of correction of less than $ 73,000 remains a threat.

Related: Why is the price of bitcoin today?

This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.