David Lawant, head of research at FalconX, believes Bitcoin is poised for a significant rally in the coming months.
Coinbase Premium Discount: A Sign of Market Sentiment
The Coinbase Bitcoin premium index measures the difference between the price of BTC on Coinbase Pro and Binance. A negative premium indicates weak buying pressure from US investors.
Historical Correlation with Bitcoin Price Bottoms
Lawant points out that similar premium discounts have preceded Bitcoin price bottoms in the past, including the rally from $25,000 to $74,000 in 2023-2024.
Analyst’s Prediction: ‘Splendid’ Six to 12 Months for Bitcoin
Lawant predicts that US investors will return to the market and bid up BTC, leading to a potential surge in the next six to 12 months.
Other Market Analysts’ Views
Macro guru Raoul Pal also anticipates a period of sustained growth for crypto assets, citing potential stimulus packages during election years.
Bitcoin’s Current Value
At the time of writing, Bitcoin is trading at $62,113.
