2024

Bitcoin

While Bitcoin rose above $ 53,000 yesterday, it then experienced a correction.
While BTC has continued its volatile movements in recent days, a positive Bitcoin report came from the CryptoQuant analyst.
CryptoQuant analyst, who examined the BTC Coinbase Premium Index and the Korean Premium Index, said that the Coinbase Premium Index is positive and the Korean Premium Index is at 3.53%.
At this point, the analyst stated that the Coinbase Premium Index is positive for Bitcoin and this shows that the market sentiment of US investors is still good, and said that there is no overheating in the Korean Premium Index.
The analyst stated that the Korean Premium Index level shows that BTC is ready for a horizontal or upward movement and made the following statements:
<blockquote>
 “The Coinbase Premium Index is positive, indicating that market sentiment among US investors remains good.
 The Korean Premium Index, which typically identifies short-term overheating, is also currently at 3.53%, down from 1.5% last week, but not at overheating levels.
 As a result, the positive Coinbase Premium Index indicates that US investor sentiment is good, and the lack of overheating in the Korean Premium Index indicates that BTC is poised for a sideways move or further upside.
 At this point, altcoins are likely to continue rising until the Korea Premium Index overheats by more than 5%. “
</blockquote>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 BTC Coinbase Premium Index Positive, Korea Premium Index at 3.53%
 “Lack of overheating in the Korea Premium Index suggests that <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> is poised for sideways movement or further upside” –&nbsp;By <a href="https://twitter.com/MAC_D46035?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@MAC_D46035</a>
 Link <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/J2pbqjyEa5" rel="noopener noreferrer nofollow">https://t.co/J2pbqjyEa5</a> <a href="https://t.co/SVu7PAZXfH" rel="noopener noreferrer nofollow">pic.twitter.com/SVu7PAZXfH</a>
 — CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1760064143896215692?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 20, 2024</a>
</blockquote>
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*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/what-about-coinbase-and-korean-premium-in-bitcoin-cryptoquant-analysts-commented-and-explained-its-effect-on-btc-price/" rel="noopener noreferrer nofollow">What about “Coinbase and Korean Premium” in Bitcoin? CryptoQuant Analysts Commented and Explained Its Effect on BTC Price!</a>

What about “Coinbase and Korean Premium” in Bitcoin? CryptoQuant Analysts Commented and Explained Its Effect on BTC Price!

Bitcoin Sistemi EN

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