$Bitcoin is facing renewed downside pressure as its weekly $MACD momentum indicator has turned negative again. If the bearish signal remains in place at Sundayâs weekly close, history suggests $BTC could face a deeper correction â potentially taking the price back below $60,000.
Historical data shows that since 2012, $Bitcoinâs weekly $MACD has turned bearish 24 times. In roughly half of those cases, BTC eventually dropped at least 16% from the level where the bearish signal was confirmed. Some declines happened quickly, with several reaching that level within just a few weeks.
That puts $Bitcoinâs 2026 low near $57,700 back in focus. A move toward that level would represent another significant decline from current prices.
However, the bearish pattern does not guarantee a major crash. In 11 previous cases, $Bitcoin fell less than 16%, and the most recent bearish signal resulted in only a small decline before $BTC recovered.
The latest warning comes as investors are also watching institutional outflows from spot $Bitcoin $ETFs and a stronger U.S. dollar, both of which can create additional pressure on risk assets.
đ Market Update â 9 AM ET
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-BTC:$69,250 âź 3.26%
- ETH: $1,963 âź 2.05%
- SOL: $81.36 Ⲡ0.23%
- XRP: $1.03 Ⲡ0.46%
â ď¸ $Bitcoinâs next weekly close could be crucial. Traders are now watching closely to see whether the bearish momentum continues or $BTC manages to recover.
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