The bitcoin bull market may be reaching a point of exhaustion.

After the cryptocurrency printed a fresh record high of $7,454.05 on Coindesk's Bitcoin Price Index (BPI) earlier today, BTC has failed twice to hold above $7,400 mark.

The price action, when viewed on the technical chart, shows a "textbook" bull market exhaustion pattern – the first legitimate sign of a tired market after days of solid rally.

Source: https://www.coindesk.com/bitcoin-price-first-signs-of-a-tired-bull/