CoinDesk: Bitcoin's 'MACD' Indicator Threatens Long-Term Bullish Bias as Rate Hike Fears Linger
Bitcoin's long-term bullish outlook is in danger of being invalidated on technical charts as BTC reels under selling pressure, stemming from adverse macro factors. Its monthly moving average convergence divergence (MACD) histogram has crossed below zero, a so-called sell signal, indicating a bullish-to-bearish trend change on the longer duration price chart. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
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