3 Bullish Signs for Bitcoin After Rising to 3-Week Peak: Can BTC Go Higher?

Coinbase Premium is on the rise again, indicating massive institutional accumulation.

Although it continues to trade in a multi-month range, Bitcoin has approached the upper limit and could be close to a more decisive breakout.

Here are some positive signs for the series that support such a narrative, as well as a dark horse that may actually decide the fate of the asset in the short term.

3 bullish signals

Popular analyst Ted Bellows noted earlier today that the Coinbase Bitcoin Premium, the key metric that shows the difference between buying BTC on the largest US exchange and Binance, continued to remain in the green and has already hit a three-week high. Similar examples show that institutional investors, the typical clients of Coinbase, have gone on an accumulation spree.

However, Ted explained that the significant increases over the past few days can be linked to Strategy’s recent multi-million dollar purchase. However, the chart below shows that when the gauge is red, Bitcoin tends to underperform and vice versa.

Coinbase Bitcoin Premium rose to a 3-week high.

This is primarily due to $STRC Aggressive buildup. pic.twitter.com/HuUWytXc5f

– Ted (@TedPillows) April 10, 2026

Fellow analyst CW showed other bullish signals for BTC, which fall into a similar category. they He explained That “net long Bitcoin buying” has increased, which, coupled with “steadily increasing” open interest, shows an “uptrend.” In the same vein, buying Bitcoin on other exchanges, such as OKX, has occurred I turned over To positive territory.

Finally, CW updated that Bitcoin exchange reserves continued to decline, while whale accumulation returned.

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“We are currently still in the process of preparing for a bull market. There has been no real bull market this cycle,” the analyst said. That’s it.

Dark horse

Although the aforementioned on-chain signs appear to be going Bitcoin’s way, there is one major uncertainty that continues to impact the asset the most: the war in the Middle East. Ceasefire for two weeks Announce Earlier this week was a breath of fresh air for BTC, which jumped from $68,000 to over $73,000 earlier today.

The latest news on this matter came hours ago with the American delegation led by VP JD Vance landed In Islamabad, Pakistan, where they are scheduled to begin direct talks with representatives of Iran, led by Parliament Speaker Mohammad Bader Qalibaf. A permanent peace decision or escalation of war may affect the price of Bitcoin faster and more violently than the signals mentioned above.