Bitcoin Price Surge Could Reach $120,000 With Coinbase Premium Return

The Bitcoin price is poised for a possible surge beyond $120,000, fueled by the return of the Coinbase Premium. This historic indicator has historically played a significant role in driving Bitcoin’s price trajectory upward, and analysts are now anticipating this jump as investors prepare for significant gains. 7,883 BTC was recently withdrawn from Coinbase, signaling a shift towards long-term holdings. This behavior suggests that investors are moving coins off exchanges to secure them in cold storage – a move often associated with capital accumulation and upward price pressure.