Bitcoin Death Cross On Monthly MACD Spells Doom For December

Bitcoin Death Cross On Monthly MACD Spells Doom For December

A bearish cross on Bitcoin’s monthly moving average convergence/divergence (MACD) indicator could spell challenging times ahead. Such crosses occur when the 26-week moving average (MA) of BTC price goes above the 12-week MA. As pointed out in a tweet yesterday by commentator, Byzantine General, the 12-week MA fell below the 26-week MA on the monthly scale.