Bitcoin MACD Flashes Bearish Signal as Price Drops Below Key Levels

The 3-week Moving Average Convergence Divergence (MACD) has turned bearish, with the MACD line moving below the signal line—a development that analyst Mister Crypto describes as “another bearish signal for Bitcoin.” This technical setup, which many traders watch for changes in longer-term trend direction, previously appeared in late 2021 before Bitcoin experienced a major price decline. The current chart also shows bearish divergence, where Bitcoin made a new high while the MACD histogram posted a lower high, indicating weakening momentum despite price appreciation.

Bitcoin’s current trading position reflects continued weakness, with the asset now trading below its 50-day exponential moving average at $112,140, the 100-day at $108,350, and the 200-day at $112,180. The narrowing gap between the 50-day and 100-day averages suggests a potential crossover approaching, which could signal further downside pressure. According to data from TradingView, the price holding steady under all three key moving average levels confirms the bearish technical structure that has developed in recent weeks.

Additional momentum indicators reinforce the bearish outlook, with the Relative Strength Index (RSI) dropping to 35—nearing oversold territory—while remaining below its signal line, pointing to sustained selling pressure. Although traders often view this RSI level as a potential area for a short-term bounce, such recovery requires renewed buying interest that has yet to materialize. The current price action marks a significant deterioration from recent highs, with Bitcoin struggling to maintain positions above key psychological levels.

Analyst Ted has characterized Bitcoin’s recent performance as “in absolute free fall,” noting that “there’s no strong support until the $100,000 level.” He identified the $92,000 area as the next potential target due to an open CME futures gap, suggesting that if the $100,000 support fails, further declines could accelerate. This assessment aligns with data from CryptoQuant showing that US investor demand has cooled in recent weeks, with early buying activity failing to show strong follow-through despite increased self-custody activity.

Recent analysis reveals that Bitcoin has repeatedly held above a key technical support level during market corrections, with the price recently testing this zone near $100,500 before rebounding. However, analyst Cryptoinsightuk warns that “liquidity is building between $91,000 and $98,000” and that “this type of structure tends to get taken roughly 80% of the time.” They also identified a “slightly more dense pocket above us around $102,000,” indicating concentration areas that algorithmic trading systems often target during large price movements.

The convergence of technical warnings—from the bearish MACD crossover to the breakdown below moving averages and weakening momentum indicators—paints a concerning picture for Bitcoin’s near-term trajectory. As reported by CryptoPotato, the absence of renewed demand leaves downside risk elevated, with market participants closely watching whether Bitcoin can defend the $100,000 support level or if the liquidity pools between $91,000 and $98,000 will be tested as analysts anticipate.