Citing Bitjie, the MACD momentum indicator on Bitcoin's monthly chart has turned negative, signaling a potential end to the bullish trend that began near $20,000 in early November. The appearance of red bars below the zero line on the monthly MACD histogram mirrors patterns seen before major declines in 2014, 2018, and 2022. Current macro risks, including ETF outflows and a stronger U.S. dollar, reinforce the bearish signal. Key support levels for Bitcoin are now near $84,500 and $74,500. Ethereum also faces a bleak outlook, with a bearish 'death cross' confirmed on its daily chart.
Bitcoin Monthly MACD Signals Bearish Outlook Amid Key Support Levels
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