Coinbase’s $113 Premium Suggests Institutional Accumulation for Potential All-Time High Breakthrough in Bitcoin Price Forecast

Bitcoin is currently trading around $122,200, with new on-chain data indicating that US institutions are once again fueling demand. As reported by CryptoQuant, the Coinbase Premium Gap — which measures the price disparity between Bitcoin on Coinbase and other global exchanges like Binance — has risen to +86.4.

A positive premium signifies that Bitcoin is being sold at a higher price on Coinbase, a platform favored by institutional and regulated investors. This typically indicates increased demand from the US as funds and asset managers engage in purchasing.

In simpler terms, significant buyers are prepared to pay a premium to enter the market, suggesting they have greater confidence in Bitcoin’s long-term prospects.

Bitcoin: Coinbase Premium Gap – Source: Cryptoquant

Historically, spikes in the Coinbase Premium have often preceded substantial rallies. Institutional flows generally decrease across exchanges, creating conditions for price breaks. Currently, the data corresponds with Bitcoin consolidating above $120,000, indicating that institutional investors are entering the market early in anticipation of potential new highs.

• The Coinbase Premium Gap stands at +86.4, reflecting stronger US dollar purchases.
• Bitcoin is trading above $120,000 after surpassing a significant resistance level.
• Institutional flows align with the “Uptober” trend that typically accompanies rallies in the fourth quarter.

Bitcoin Price Prediction – Technical Outlook

From a technical perspective, the Bitcoin price forecast remains in a robust uptrend. The asset has recently surpassed resistance at $119,500 and continues to maintain levels well above both its 50-period and 100-period simple moving averages (SMAs) at $115,013 and $114,523, respectively. These crossovers indicate a continuation of bullish momentum.

Bitcoin Price Chart – Source: Tradingview

However, the chart also indicates the emergence of a Bearish Butterfly harmonic pattern, a setup that frequently suggests exhaustion near the peak of a rally.

If Bitcoin continues to rise, the next resistance levels are at $124,600 and the Potential Reversal Zone (PRZ) between $128,000 and $130,000. As the price approaches this area, overbought conditions, as indicated by the Relative Strength Index (RSI) above 73, may lead to short-term profit-taking.

Candle action appears cautious, with smaller candles and long upper wicks indicating hesitation at elevated levels. A decline below $121,140 could retest $118,500, and stronger selling pressure could push prices down to $115,000.

Market Outlook: Institutional Flows Drive Confidence

Despite the possibility of short-term corrections, the overall sentiment remains optimistic. Institutional buying, increasing ETF volumes, and enhanced macro liquidity continue to bolster Bitcoin’s long-term outlook. The premium on Coinbase — often regarded as a leading indicator — reinforces the notion that professional investors are discreetly accumulating ahead of the next significant upward movement.

If Bitcoin maintains its position above $120,000 and institutional demand continues, we could be poised for a test of the $128,000-$130,000 range by the end of the year. A breakthrough above that level would pave the way for a new all-time high (ATH) and potentially another institutional milestone.

Presale Maxi Doge ($MAXI) Blends Meme Power With Gym-Bro Energy

Maxi Doge ($MAXI) is a meme-inspired token aimed at individuals who thrive on 1000x leverage and relentless effort. More than just a meme coin, $MAXI embodies a community-driven culture that merges trading intensity with gym-bro energy, caffeine, and competitive camaraderie.

By holding $MAXI, investors gain access to staking rewards, trading competitions, and participation in gamified partner events. The smart contract has been audited by SolidProof and Coinsult, providing additional assurance regarding the project’s foundations.

Momentum is strong. The presale has already secured over $2.7 million, with tokens priced at just $0.0002605. This price will increase as the presale advances, making early participation more appealing.

$MAXI holders receive access to:

• Staking rewards with dynamic APYs
• Trading competitions with leaderboard prizes
• Community-driven partner events and future integrations

Purchasing $MAXI can be done on the official Maxi Doge website using ETH, BNB, USDT, USDC, or a bank card.

Visit the Official Maxi Doge Website Here

The post Bitcoin Price Prediction: Coinbase $113 Premium Hints at Institutional Accumulation for ATH Breakout appeared first on Cryptonews.