# 3 on-chain indicators suggest the Bitcoin price sell-off is losing steam
“# 3 on-chain indicators suggest the Bitcoin price sell-off is losing steam ” Bitcoin (BTC) entered a consolidation phase following its May 19 crash from $42,600 to $30,000 on Coinbase. The flagship cryptocurrency recovered its losses quickly and reclaimed $40,000 but it failed to log a clear bullish breakout above this resistance level and at…