Bitcoin's Uptrend Loses Momentum as Indicators Signal Short-Term Decline
The recent Bitcoin price surge, which reached nearly $79,400 on Sunday night, has stalled and is now exhibiting signs of exhaustion. Several indicators suggest potential short-term vulnerability as the price drops back to around $77,000. One key metric, the Coinbase premium index, has turned negative for the first time since April 8, according to data from Coinglass, indicating a shift in demand …