Coinbase Premium defining Bitcoin's path again
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According to the CryptoQuant founder, this trend, though defined, may benefit much more from a near-zero premium and may act as a support or resistance level. With the guidance range in view, Bitcoin traders can now proactively watch out for changes in trends.The price of Bitcoin has returned to $60,800 after plunging as low as $58,895.21 over the past 24 hours. As of writing, the coin is now changing hands for $60,842.81, up 0.3%, as trading volume jumped 9.36% to $30.23 billion.
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