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Tag Archives: Bearish

Why the Bitcoin’s Bearish MACD Cross May Not Plunge Price

At the turn of the month, analysts were quick to check Bitcoin’s charts, checking if any of their indicators signaled that bears remained in control of the cryptocurrency market. Unfortunately for bulls, indicators did. Per previous reports from NewsBTC, November’s monthly candle close resulted in the Moving Average Convergence Divergence …

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Bitcoin Weekly Forecast: BTC Trend Overwhelmingly Bearish

After struggling to recover above $7,300, bitcoin price started a fresh decline against the US Dollar. The price is currently trading in a bearish zone just above the $7,000 support area. There is a key bearish trend line forming with resistance near $7,260 on the 4-hours chart of the BTC/USD …

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