Bitcoin's MACD Histogram Turns Negative, Signaling Bearish Trend

Bitcoin's MACD histogram has turned negative for the third time since the cryptocurrency reached a peak above $126,000 in October. According to NS3.AI, this development renews a bearish signal in the chart analysis. Previous bearish crosses were followed by significant declines, with Bitcoin dropping from approximately $106,000 to $80,000 in November and from near $90,000 to about $60,000 by February 6.