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Bitcoin demand weakens as Coinbase premium index stays negative for 90 days, price nears $63K with key resistance at $63,400.

Market News
16 Aug 2026
Blockonomi
View Source
Neutral
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The Coinbase Bitcoin Premium Index has remained negative for 90 consecutive days, signaling weaker U.S. buying demand or stronger selling pressure on Coinbase compared to Binance. Despite this, Bitcoin's price holds near $63,000, with market sentiment cautious as indicated by the Crypto Fear and Greed Index at 34. Analyst Michaël van de Poppe identifies $63,400 as a critical resistance level, where a breakout could push prices above $64,600. Meanwhile, Crypto Rover's cycle analysis suggests a potential Bitcoin bottom before October, based on historical market cycles, though this is not a price prediction but a pattern observation.

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