Bitcoin Coinbase Flow Pulse Indicates Ongoing Bull Market Trend
Bitcoin Bull Market Signal from Coinbase Flow Pulse
Recent analysis indicates that the Bitcoin bull market trend continues despite recent price volatility. Key points include:
- The "Coinbase Flow Pulse" tracks net BTC movement between Coinbase and other exchanges.
- A positive Coinbase Flow Pulse indicates inflows to Coinbase, while negative values suggest outflows.
- The 30-day simple moving average (SMA) recently surpassed the 90-day SMA, historically signaling a bull market.
- Strong inflows into Coinbase suggest increased interest from U.S. institutional entities.
- No significant outflows are observed, indicating stability in bullish sentiment.
- Bitcoin's exchange reserves have decreased, suggesting a supply shock that may support price increases.
- Current BTC price has dropped to around $96,700 after earlier reaching $102,000.
