Bitcoin's Rally Loses Momentum as Key Indicators Signal Caution
The recent bitcoin price surge, which reached a high of $79,400 on Sunday night, is now showing signs of exhaustion, with several key indicators pointing to potential short-term weakness as the price falls back to around $77,000.
Notably, the Coinbase premium index has turned negative for the first time since April 8, as per Coinglass data, dropping to -0.04%. This shift follows a 14-day …