Bitcoin's Upward Momentum Loses Steam as Key Indicators Turn Bearish
The Bitcoin rally that occurred on Sunday night has stalled near $79,400, exhibiting signs of exhaustion, with several indicators suggesting potential short-term vulnerability as the price reverts to around $77,000.
Firstly, the Coinbase premium index has shifted into negative territory for the first time since April 8, according to data from Coinglass.
The decline to -0.04% follo…