Bitcoin

<ul><li>Bitcoin has formed a bearish crossover on the weekly chart’s MACD.</li><li>The signal could cause Bitcoin’s price to drop up to 19%.</li><li>A developing head and shoulders pattern suggests BTC could potentially drop lower.</li></ul>Bitcoin has formed a bearish crossover on the weekly chart’s moving average convergence divergence (MACD) indicator. According to the crypto YouTuber, CryptoKid, that could lead to a price drop of up to 19% by the pioneer cryptocurrency.CryptoKid made the statement during a video interview with the host of The Moon, a crypto YouTube channel that discusses crypto market trends and price developments. CryptoKid confirmed that using the MACD bearish signal, he has opened a short swing position for Bitcoin.<a href="https://coinedition.com/bitcoin-threatened-by-bearish-macd-crossover-on-weekly-chart/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

Bitcoin Threatened by Bearish MACD Crossover on Weekly Chart

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