Bitcoin Strength Backed By US Institutions – Coinbase Premium Remains Positive Since April

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.