Bitcoin's Upward Momentum Loses Steam as Indicators Signal Caution
The bitcoin price rally that occurred on Sunday night has stalled near $79,400, exhibiting signs of exhaustion. Several indicators now point towards possible short-term weakness as the price returns to around $77,000. One key indicator, the Coinbase premium index, has turned negative for the first time since April 8, according to data from Coinglass, dropping to -0.04%. This shift into negative t…