Analysis: Bitcoin Monthly MACD Bearish Cross, Previous Three Downtrends All Exceeded 60%

BlockBeats News, November 24th, according to analyst @ali_charts' monitoring, the Bitcoin monthly MACD has experienced a bearish cross. In the last three instances when the monthly MACD turned bearish, Bitcoin's price has historically dropped by around 60% on average.

Following this logic, Bitcoin could potentially bottom out at $40,000 in this cycle.