Bitcoin Rally Loses Momentum as Indicators Signal Short-Term Decline
The Bitcoin price surge that occurred on Sunday night has stalled near $79,400, showing signs of exhaustion, with various indicators pointing to potential short-term weakness as the price drops back to around $77,000.
Notably, the Coinbase premium index has turned negative for the first time since April 8, as per Coinglass data, with a reading of -0.04%. This shift follows a 14-day period…