Bitcoin Indicator That Signaled $70K Breakout Turns Bearish as Trump's Trade War Rhetoric Grows

Quick Summary:

The renewed bearish signal on the key indicator is not an immediate threat to BTC, but Trump's tariff rhetoric could shake up the market.

While the MACD isn't a cause for concern yet, several macro factors warrant attention as potential sources of downside volatility that could see the cryptocurrency test the long-held support near $90,000.

The indicator's bullish signal in mid-October was backed by prices breaking out of a multi-month trading range.

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Article Details

Author / Journalist: Omkar Godbole

Category: Crypto

Markets: United StatesCuba

Topics: Technical Analysis Trump Bitcoin Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-10 @ 06:48:17 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 556 words

Reading Time: 4 minutes read

Sentences: 39 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 26018946

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