Bitcoin's Rally Loses Momentum as Key Indicators Signal Short-Term Weakness
The Bitcoin price surge that occurred on Sunday night has stalled near $79,400, exhibiting signs of exhaustion, with multiple indicators pointing to potential short-term vulnerability as the price returns to around $77,000. Firstly, the Coinbase premium index has turned negative for the first time since April 8, as per Coinglass data, indicating a shift in demand from US investors. The index, whi…