Bitcoin Could Soon Tumble Lower as Its Funding Rate Begins Flipping Positive

Bitcoin has begun showing some signs of topping out as the crypto inches lower from its previous consolidation region around $8,800. BTC’s move towards $8,600 has led some analysts to believe that its recent highs of $8,900 will mark a mid-term top.
One valuable indicator that often offers significant insight into future trends is now suggesting that the crypto is close to tumbling lower and retracing its recent gains, although it may still have a little room to run before this occurs.
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