Bitcoin bears give three reasons the bull market is over

💡 DMK Insight

Bitcoin’s MACD bearish crossover at $108,413 is raising eyebrows, suggesting a potential end to the bullish momentum we’ve seen since the last halving. Traders should be cautious as this technical indicator often signals a shift in market sentiment. Historically, after halving events, BTC tends to rally, but the current bearish crossover could indicate that the market is pricing in a more extended consolidation phase. If BTC fails to hold above key support levels, we might see a deeper correction, potentially testing lower ranges. Keep an eye on the $100,000 level as a psychological barrier; a break below could trigger further selling. On the flip side, if BTC manages to reclaim momentum and break above recent highs, it could invalidate this bearish signal. Watch for volume spikes and bullish divergence on the daily charts, which could indicate a reversal. The next few weeks will be crucial for determining whether this is just a temporary pullback or the start of a more significant downtrend.