Bitcoin Price Decreases May Be on Their Way, Argues Analyst

Cryptocurrency trader and enthusiast @davthewave recently argued that an extended period of decreases is just beginning for Bitcoin.

He made his prediction by pointing out a bearish cross in both the weekly and daily MACD.

According to his chart, we could see a price decrease at least to $7000 and possibly lower.

Following his advice, cashing out on Bitcoin and waiting for re-entry at lower prices would currently be the ideal move.

However, it is not the first time that the MACD has acted in a similar manner.

Let’s take a look at the previous times this occurred and see how the price acted then.

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#BTC #TA #Bearish

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