Bitcoin's Price Surge Shows Signs of Weakening as Indicators Turn Bearish
The recent Bitcoin price rally, which peaked near $79,400 on Sunday night, is now exhibiting signs of exhaustion, with multiple indicators pointing to potential short-term vulnerability as the price falls back to around $77,000.
Notably, the Coinbase premium index has turned negative for the first time since April 8, according to data from Coinglass, marking a shift after 14 consecutive d…