BITCOIN SEES COINBASE PREMIUM RECOVERY, BUT STRENGTH STILL BELOW JUNE PEAK – WHAT IT MEANS FOR BTC?
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✍️ Bitcoin breaks above $110,000, hitting a fresh all-time high, supported by a late rebound in the Coinbase Premium Gap and renewed spot buying interest in the US.
👉 Bitcoin breaks above $110,000, hitting a fresh all-time high 👉 Coinbase Premium Gap jumps from 6.9 to 48.8, indicating renewed spot buying interest in the US 👉 Stablecoin Supply Ratio (SSR) surges to 18, indicating an abundance of capital waiting to be deployed 👉 Moving Average Convergence Divergence (MACD) crosses above its signal line, a move that often precedes renewed market inflows and rally potential 👉 BTC breaks out of a bullish descending broadening wedge pattern and potentially targets $144,000
-- #EnigmaTrader #SunflowrQuant #MerlijnTheTrader #technology
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