The key indicator's negative flip indicates downside volatility ahead.
BTC's monthly MACD histogram has turned bearish, signaling a potential prolonged downturn for bitcoin as seen in past cycles.This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
That indicator is the monthly chart moving average convergence divergence histogram. The indicator printed the first red bar below the zero line in November as prices fell by over 17%, confirming a bullish-to-bearish trend change. In other words, the negative reading on the indicator means the bull run that began around $20,000 early in November has ended and bears have taken over. Over the years, these so-called bearish crossovers of the monthly MACD histogram have not been kinder to bulls. For instance, after bitcoin corrected from approximately $70,000 to $50,000 in late 2021, the MACD indicator turned bearish in January 2022, signaling a continuation of the downtrend that ultimately saw prices fall below $20,000. Similar patterns emerged following bearish MACD crossovers in both 2018 and 2014, with these signals preceding the deepening of bear markets.While past performance does not guarantee future results, meaning the latest bearish MACD crossover may not necessarily trigger a downturn, the current market environment supports the bearish case. Several macro risks, including Japan's fiscal strain, resilience of the dollar index and Treasury yields despite talks of Federal Reserve rate cuts, and recent outflows from spot ETFs, reinforce the negative signal. The message is simple: Traders need to be vigilant for downside volatility. First support lies near $84,500, defined by the trendline linking 2023-2024 higher lows. A break would expose April's low of around $74,500, then the 2021 peak near $70,000. Ether's outlook doesn't look rosier either, as it has confirmed a death cross, a bearish pattern marked by the 50-day simple moving average crossing below the 200-day SMA. It's a sign of a short-term trend underperforming a long-term trajectory, with the potential to evolve into a full-blown bear market.AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M , followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. The launch of DOGE ETFs from Grayscale and Bitwise saw only $2.16 million in inflows, failing to attract expected institutional interest.Dogecoin dropped nearly 8% after breaking its crucial support level at $0.1495, leading to a high-volume selloff. The launch of DOGE ETFs from Grayscale and Bitwise saw only $2.16 million in inflows, failing to attract expected institutional interest.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How a Weak US Jobs Market Is Squeezing Bitcoin and CryptoA cooling US labor market is reshaping risk appetite, Fed expectations and liquidity. Learn how softer jobs data correlate with Bitcoin and crypto price pressure.
Read more »
Pi Network’s PI Dumps 7% Daily, Bitcoin (BTC) Stopped at $93K: Market WatchPI has lost some of its recent momentum in the past 24 hours.
Read more »
Bitcoin Dominance Defies Expectations During 30% Decline, Dropping Instead of ClimbingA fast 36% reset for bitcoin marked by unusual dominance behavior and a market wide deleveraging.
Read more »
Bitcoin price down 20%, stablecoin market cap down $2B: November in chartsNovember saw Bitcoin price slump 20%, stablecoin growth also slowed down and seven countries are rethinking how they do crypto tax.
Read more »
Bitcoin 2022 bear market correlation hits 98% as ETFs add $220MBitcoin price seasonality now shows almost 100% correlation to the 2022 bear market.
Read more »
DATs Slow Down, Futures Get Crushed: Is Bitcoin Entering a New, Cleaner Market Regime?Spot liquidity remains 30-40% below October levels, as markets remain fragile and volatility amplified across majors and altcoins.
Read more »