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>>Could Bitcoin Slip to $30,000? A Bearish Signal Hints at a Possible 70% Decline.

Could Bitcoin Slip to $30,000? A Bearish Signal Hints at a Possible 70% Decline.

crypthub

6 days ago

Recent Price Movement

Bitcoin surged past $113,000 mid‑week before sliding to about $107,000. The price has steadied in the last few days, yet market uncertainty remains high. Traders note a tilt toward a bearish outlook.

Technical Indicator Signal

The monthly MACD line recently crossed below its signal line, a classic bearish cue. Analyst Ali Martinez highlighted this shift as a warning sign. When the MACD turns negative, it often precedes extended downtrends. The crossover suggests Bitcoin could face further pressure.

Historical Implications

In the four prior MACD bearish flips, Bitcoin fell roughly 70% on average. The most recent instance began in September 2021, culminating in a drop to $16,000 by November 2022. Such patterns imply a potential 70% correction from current levels. Martinez projects a target near $33,000 if history repeats.

Current Outlook

As of now, Bitcoin trades around $110,540 with little 24‑hour movement. The MACD signal and past data raise caution among investors. Monitoring the indicator will be key to anticipating the next trend.