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Another Bitcoin (BTC) Warning Sign? MACD Flashes Bearish, Price Falls

Bitcoin (BTC) price chart

Bitcoin has dropped beneath key technical ranges, elevating consideration amongst merchants and analysts.

A bearish crossover on the 3-week MACD, mixed with declining value motion, suggests weakening momentum because the asset struggles to carry close to $104,000.

MACD Cross Suggests Momentum Shift

According to crypto analyst Mister Crypto, the 3-week MACD has turned bearish. The MACD line has moved beneath the sign line—a setup many merchants look ahead to adjustments in longer-term development path. Bitcoin is now buying and selling at $103,850, down 3% over the previous 24 hours and 9% within the final seven days.

The same sign appeared in late 2021, adopted by a significant decline in BTC’s value. The newest chart additionally reveals bearish divergence: the asset made a brand new high whereas the MACD histogram posted a decrease high. Mister Crypto described the sign as “one other bearish sign for Bitcoin,” reflecting warning throughout the market.

Moreover, Bitcoin is now buying and selling beneath its 50-day, 100-day, and 200-day exponential transferring averages. The 50-day stands at $112,140, the 100-day at $108,350, and the 200-day at $112,180. The hole between the 50-day and 100-day averages has narrowed, with a possible crossover approaching. The value holding regular underneath all three ranges displays continued weak spot within the development.

Bitcoin (BTC) price chart
Source: TradingView

In addition to the transferring averages, momentum indicators are additionally displaying weak spot. The Relative Strength Index (RSI) has dropped to 35, which is nearing oversold territory. The indicator stays beneath its sign line, pointing to sustained promoting stress. Traders usually see this stage as a possible space for a short-term bounce—offered that purchasing curiosity returns.

Volatility Narrows, Liquidity Builds Below

Recent evaluation suggests that Bitcoin has repeatedly held above a key technical assist stage throughout market corrections. The value just lately examined this zone once more close to $100,500 earlier than rebounding. A month-to-month shut beneath it might sign a development shift.

Analyst Cryptoinsightuk said that “liquidity is constructing between $91,000 and $98,000” and that “this sort of construction tends to get taken roughly 80% of the time.” They added that there’s additionally a “barely extra dense pocket above us round $102,000.” These zones are sometimes focused throughout giant value actions, particularly in algorithm-driven markets.

Analysts Monitor Key Support Around $100K

Crypto analyst Ted warned that Bitcoin is “in absolute free fall” and added, “There’s no robust assist till the $100,000 stage.” He additionally talked about the $92,000 space as the subsequent potential goal as a result of an open CME futures hole.

Data from CryptoQuant shows that US investor demand has cooled in latest weeks. Although self-custody exercise has elevated, early shopping for has not proven robust follow-through, as CryptoPotato reported. Without renewed demand, analysts counsel that draw back threat might stay elevated within the brief time period.

The publish Another Bitcoin (BTC) Warning Sign? MACD Flashes Bearish, Price Falls appeared first on CryptoPotato.

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