Greeks.live(@GreeksLive):$BTC's yearly open is around 87.5k and recent price action has been consolidating above a key support at 79k. One key metric to look for is a change in characteristic of the Coinbase premium. (White = positive premium & Red = Negative premium) Bitcoin tends to press higher when the premium is positive. Despite the consolidation we still can observe a slightly positive premium during the New York session. Some traders within the Greeks Live telegram think we can reach 84k so long as 79k remains as support. Do you agree?

2026.05.12 19:15

$BTC's yearly open is around 87.5k and recent price action has been consolidating above a key support at 79k. One key metric to look for is a change in characteristic of the Coinbase premium. (White = positive premium & Red = Negative premium) Bitcoin tends to press higher when the premium is positive. Despite the consolidation we still can observe a slightly positive premium during the New York session. Some traders within the Greeks Live telegram think we can reach 84k so long as 79k remains as support. Do you agree?