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?

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Greeks.live@GreeksLive

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?

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