Bitcoin Rally Loses Momentum as Key Indicators Signal Bearish Trend
The recent Bitcoin rally, which reached a high of $79,400 on Sunday night, is now showing signs of exhaustion, with several indicators pointing to potential 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, with a reading of -0.04%.
This shift follows …