Bitcoin Set to Rebound After Local Pullback in Early October

Bitcoin may see relief from its recent downturn as United States demand stays high, according to analysis. In one of its Quicktake blog posts on Oct. 3, on-chain analytics platform CryptoQuant revealed the “possibility of a short-term BTC increase.” Bitcoin’s price action has delivered several tests of $60,000 support this week amid market jitters over the situation in the Middle East. Behind the scenes, however, demand is strong — as indicated by the popular Coinbase premium metric. The Coinbase premium measures the difference in pricing between the BTC/USD pair on the largest US exchange, Coinbase, and Binance’s BTC/USDT equivalent. Moving

Source: CryptoIntelligence