The post BTC RSI Hits April Lows as Coinbase Premium Turns Red appeared on BitcoinEthereumNews.com.

Key takeaways: The Bitcoin Coinbase Premium flipped red as BTC price dropped below $104,000. Bitcoin’s RSI hit its lowest point since April, hinting at a potential bottom zone. The 200-day EMA support remained crucial as BTC risks short-term capitulation. Bitcoin (BTC) extended its recent decline on Friday, slipping to $103,500 and triggering a notable shift in onchain market sentiment. The Bitcoin Coinbase Premium Index, which tracks the price difference between BTC on Coinbase and other exchanges, flipped red on the hourly chart for the first time in weeks. Bitcoin Coinbase Premium Gap. Source: X Earlier this week, BTC attempted to find support around $110,000, buoyed by steady spot demand from US investors. The Coinbase premium even spiked to 0.18, its highest reading since March 2024. However, as the price failed to hold above $110,000 on Thursday, that short-term confidence faded. While the hourly premium has turned negative, the daily reading remained slightly positive, indicating that long-term US buying support hasn’t fully disappeared, but it is currently under strain. Adding to the bearish pressure, Bitcoin’s taker sell volume surged above $4 billion, signaling a wave of market sell orders. The move coincided with BTC’s rejection near the short-term holder (STH) realized price at $112,370, a key level that now acted as resistance. Historically, this level marked the average cost basis for recent buyers, meaning that sustained rejection below it could accelerate short-term capitulation toward $100,000.  Bitcoin realized price for short-term holders. Source: X Related: Bitcoin holds $105K as US bank stocks recover, Trump truce lifts sentiment Bitcoin mirrors its March–April bottom structure BTC’s current price action closely resembles the March–April bottom range, when sharp intra-day wicks cleared out liquidity built over 30 days before a gradual recovery began. The pattern suggested that BTC could retest the $100,000 range without necessarily breaking the…

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Filed under: News - @ October 18, 2025 5:24 pm