Coinbase premium rebounds after turning negative, time to invest in BTC
Market investors analyze a good time to invest in Bitcoin is when the Coinbase Premium turns from positive to negative and the trend rebounds. The Coinbase Premium is a metric that measures the difference between the BTC price on Coinbase and the BTC price on Binance, expressed as a percentage.
The change in the Coinbase Premium can provide some indication of how the BTC price will move in the future. When this metric is negative and reverses from a downtrend to an uptrend, BTC price often rebounds. Currently, the Coinbase Premium is positive, but it is approaching zero. Therefore, it would be better to wait for this indicator to go negative and invest when it rebounds.