Bitcoin Indicator That Signaled $70K Breakout Turns Bearish as Trump's Trade War Rhetoric Grows

Bitcoin’s momentum is shifting as a key technical indicator, the MACD histogram, turns bearish. This comes after the indicator previously signaled a breakout past $70K, raising concerns of a potential price correction.

What’s Happening?

The MACD histogram (which measures trend strength) has flipped negative, signaling a loss of bullish momentum.

This shift coincides with Donald Trump’s renewed trade war rhetoric, where he has threatened tariffs on imports from China, Mexico, and Canada.

Rising economic uncertainty could impact risk assets like Bitcoin, leading to short-term volatility.

What’s Next for Bitcoin?

If bearish momentum builds, Bitcoin could see further downside pressure in the near term.

However, strong support levels and investor sentiment will determine if Bitcoin can bounce back or face a deeper correction.

With markets on edge, all eyes are on Bitcoin’s next move—will it crash or defy the odds?

Short $BTC 👇?

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