Bearish Crossover Warning: The weekly MACD in Bitcoin just generated a bearish crossover signal, which historically led to price corrections reaching approximately 40%.
Historical Precedent: Similar crossovers in the past have led to significant pullbacks, suggesting Bitcoin could be at risk of another major decline.
Why It Matters: The MACD is a key momentum indicator, and traders closely monitor these signals for potential trend reversals. With a fresh crossover in place, Bitcoin’s price action could soon reflect this bearish momentum.
Source: X
Technical indicators such as MACD function as vital warning signs to monitor sudden market condition changes. A bearish crossover on Bitcoin might signal traders to prepare for an extended downward price movement. But in times of uncertainty, savvy investors don’t just wait—they seek opportunities elsewhere.
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