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Bitcoin (BTCUSD) Shows Early Signs of US Demand Return as Coinbase Premium Gap Turns Positive

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The Story

News Summary

  • Bitcoin's Coinbase Premium Gap turned positive after nearly 10 weeks negative, signaling returning US demand.
  • However, technical indicators suggest Bitcoin could still drop towards $50,000 before finding a definitive bottom.
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BTCUSD price history

77238.69 +14.51% over the displayed period

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