Could Bitcoin Price Drop by Half From Here?

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Bitcoin’s first monthly MACD rollover this cycle, alongside onchain data, raised the odds of a deeper pullback, as BTC price forecasts now include the mid-$60,000s.

Bitcoin sellers are getting increasingly louder as several more bearish signals have emerged for this week.

Bitcoin’s monthly MACD rollover keeps risks skewed toward further downside.

MVRV bands suggest BTC may still fall toward key mean-reversion levels.

Bitcoin MACD flips red for the first time this cycle
In October, Bitcoin’s monthly moving average convergence divergence (MACD) crossed into bearish territory for the first time in the current bull market.

Since 2014, the monthly MACD has flipped red on five separate occasions. In four of those cases, as trader Brett highlighted, Bitcoin went on to record drawdowns of about 50% before finding the floor.


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