Two Key Indicators Signal Potential Price Surge for Bitcoin (BTC)
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- According to a cryptocurrency analyst, two market data points suggest a potential continuation of Bitcoin’s price rise.
- The Coinbase Premium Index (CPI) and the 14-day Exponential Moving Average (EMA) could serve as indicators for Bitcoin investors, as per the analysis shared on CryptoQuant.
- The CPI reflects the price difference of Bitcoin between Coinbase and Binance exchanges. A higher index suggests a dominant buying demand from Coinbase users.
Bitcoin’s price could continue to rise, according to market data from the Coinbase Premium Index and the 14-day Exponential Moving Average.
The Role of Coinbase Premium Index and 14-day EMA
The Coinbase Premium Index (CPI) and the 14-day Exponenti... Read the full article for FREE at COINOTAG!
