Bitcoin Strength Backed By US Institutions – Coinbase Premium Remains Positive Since April
2025-06-30 21:47:01
Main Idea
Bitcoin's price remains strong above $100,000, driven by institutional demand and bullish market sentiment, with key resistance at $112,000.
Key Points
1. Bitcoin has climbed over 15% since rebounding from a $75,000 low in April, with buyers reinforcing bullish momentum.
2. The Coinbase Premium Index indicates strong institutional buying pressure from US-based investors, likely fueled by ETF inflows.
3. Bitcoin is consolidating between $103,600 (support) and $109,300 (resistance), with a breakout above $109,300 potentially igniting further gains.
4. BTC remains above key moving averages (50 SMA, 100 SMA, 200 SMA), signaling strong underlying demand.
5. A failure to break above $112,000 could lead to a correction toward the $95,000 level, where the 50 SMA may act as support.
Description
Bitcoin is showing resilience as it continues to struggle just below its $112,000 all-time high. Despite multiple failed attempts to break through, bulls have maintained strong control of the market, keeping BTC well above the key $100,000 demand level. Since rebounding from the $75,000 low in April, Bitcoin has climbed over 15%, with buyers stepping in at every major dip and reinforcing bullish momentum throughout the consolidation phase. Much of this strength appears to be driven by steady ins...
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