🚀 Bitcoin's MACD Monthly Indicator Signals Potential Downturn
#Bitcoin #MACD #bearishcrossover #cryptocurrency #BitcoinPrice #decline #technicalanalysis #BlockBeats #BTC
According to BlockBeats, analyst @ali_charts has observed that Bitcoin's monthly MACD indicator has formed a bearish crossover. Historically, during the last three instances when the monthly MACD turned bearish, Bitcoin's price experienced an average decline of approximately 60%. Based on this pattern, Bitcoin's price could potentially drop to as low as $40,000.#Bitcoin #MACD #bearishcrossover #cryptocurrency #BitcoinPrice #decline #technicalanalysis #BlockBeats #BTC