Bitcoin’s MACD Turns Bearish Amidst Macro Pressure

Bitcoin’s monthly Moving Average Convergence Divergence (MACD) has turned bearish, signaling a potential reversal from the bullish trend. This technical shift is historically linked to extended crypto downturns, particularly those starting since 2012. Recent price declines coincide with heightened macro pressures including rising Japanese yields, the strengthening US dollar and sustained outflows from Bitcoin ETFs. These factors have triggered heavy liquidations of leveraged positions, leading to a thin-liquidity sell-off that pushed prices below key support levels.