The Coinbase Premium Index and Bitcoin's price have recently diverged, indicating potential weakness in medium-term upward momentum. The decline in the Coinbase Premium, which reflects demand for Bitcoin in the U.S., raises concerns despite the surge in Bitcoin's price. This divergence comes at a time when North American investor demand is high and the launch of Bitcoin ETFs is approaching. Investors are advised to be cautious and monitor the situation closely. There is hope for a rebound in the near term, but if a false breakout occurs, Bitcoin's price could drop to a new low of $100,000.



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