Bitcoin Falls Below Key Technical Levels: MACD Signals Weakening Momentum

Bitcoin’s price has experienced a decline below key technical levels, prompting attention from traders and analysts. A bearish crossover on the 3-week MACD indicator, combined with decreasing price action, suggests weakening momentum as the asset struggles to hold near $104,000. This comes as the latest MACD chart reveals a bearish signal: the MACD line has moved below the signal line—a setup many traders watch for changes in longer-term trend direction. Bitcoin is currently trading at $103,850, down 3% over the past 24 hours and 9% in the last seven days.