Bitcoin's MACD Turns Bearish: Brace for Potential Drops

Bitcoins monthly chart moving average convergence divergence histogram has turned negative, a historically bearish signal marking the end of upward trends and the beginning of downturns. This bearish crossover, which occurred in November, suggests a shift from bullish to bearish trends, with sellers now in control. Past bearish MACD crossovers have been followed by significant price drops, and current market conditions support a bearish outlook. Traders should prepare for potential price drops, with the first level of support near eighty-four thousand five hundred dollars.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.