Bitcoin sellers are getting increasingly louder as several more bearish signals have emerged for this week. 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. Only once, in 2019, did the signal align closely with a market bottom, and even then, the price continued falling for two months after the initial crossover. ... (full story)