The Moving Average Convergence Divergence (MACD) histogram, a key technical analysis tool for Bitcoin's price trend, has turned negative on the weekly chart, indicating bearish pressure. This comes as former US President Donald Trump escalates trade war rhetoric. Although this change in the indicator is not cause for concern, it suggests that Bitcoin's momentum may be weakening. However, Bitcoin remains in a trading range between $90,000 and $100,000, with recent price action consolidating between $95,000 and $100,000. While technical indicators alone do not determine price movements, macroeconomic factors such as Trump's trade war rhetoric could increase BTC's downside risks.
Content Editor ( en.bitcoinsistemi.com )
- 2025-02-10
Bitcoin's Fundamental Momentum Indicator Shifts Direction on Donald Trump's Trade War Rhetoric! Here Are the Details
