Bitcoin Hits 3-Week High: 3 Bullish Signals & Geopolitical Risks

Bitcoin reached a very high spot this week. You should watch how the price stay near the top; it is a good time for you to learn. My data suggest that things looks better now even with a messy world. Small wars can change the market in one second.

Three Bullish Indicators for Bitcoin

1. Rising Coinbase Premium Gap

I check the gap among the three signals and it is very big. This mean that big groups are buying Bitcoin today. Analyst Ted Pillows thinks a company called Strategy bought many millions in coins. You see price strength when the gap is more high.

2. Increased Long Positions and Open Interest

I see more people is betting on a higher price. Total trades keeps going up everyday. Positive buying is happening on the OKX exchange too.

3. Declining Exchange Reserves and Whale Accumulation

Exchanges has less coins on them lately. Users puts their Bitcoin in a safe place because they want to keep it. The amount of whales buying is larger than before. I expect a big rally after they buy it all.

Analyst CW say the real bull market didn’t start yet.

The Geopolitical Wildcard

Global news will affect your money. The Middle East have a big impact on the price. Prices jumped from 68k to 73k when a break in the war happened.

I see the leaders is talking in Islamabad now. Peace deals make things calm down; a war makes people buy Bitcoin for safety.

What’s Next for Bitcoin?

I think the signs looks good for the future. Less coins and more buyers makes me feel brave.

You have to watch the news very close. Peace means the price will not move too much.

Bad news will make people buy Bitcoin for safety. I want you to look at the news and the data.