Bitcoin’s Bearish Turn: Has the Crypto Winter Arrived Early?
Looking forward, the forecast remains overwhelmingly bearish. The weekly chart, a bellwether for long-term trends, is showing a significant bearish MACD crossover for the first time in months, suggesting this is not a minor dip but a potential major trend reversal. Our analysis indicates that the price is likely to test the $105,000 support zone within the next 24 to 48 hours. Should this level fail to hold, a steeper decline toward the $100,000 mark is highly probable.