Coinbase Premium: A 20-Day Rally Defying Bitcoin’s Price Dip

Despite recent downward pressure on Bitcoin’s price, a persistent Coinbase premium reveals robust US investor demand. This 20-day streak suggests underlying strength, with some technical indicators pointing towards a potential surge to $118,000. Experts are divided on whether this reflects sustained bullish sentiment or a temporary anomaly. The ongoing divergence between spot market prices and the Coinbase premium warrants close observation. Could this sustained demand signal a significant upcoming price shift for Bitcoin? We delve into the market dynamics and explore potential scenarios.