**Short-Term Analysis Indicates Continued Optimism for Bitcoin**

In a recent short-term analysis, it was observed that the Coinbase Premium briefly dropped to -100 points, but Bitcoin's price has since rebounded. Historically, during the past year’s bull market, whenever the Coinbase Premium fell below -50, Bitcoin’s price tended to bounce back.

Bitcoin has been consolidating within a large range for the past 8 months. The lack of panic selling when the Coinbase Premium goes negative suggests ongoing accumulation at lower prices. This indicates that the bull market may not be over yet, reinforcing a positive outlook for Bitcoin's future performance.