Bitcoin Price Rally Loses Momentum as Key Indicators Signal Caution
The recent Bitcoin price surge, which reached a high of nearly $79,400 on Sunday night, is now showing signs of exhaustion as it trades around $77,000, with several indicators hinting at possible short-term vulnerability.
Notably, the Coinbase premium index has shifted into negative territory for the first time since April 8, according to data from Coinglass, standing at -0.04%. This tran…