#binance #hype #zec #near
29/04/26 06:30 UTC-04

Will the Bearish Signal Lead to a 10% Drop in Bitcoin Price?

  • An analyst at Goldman Sachs predicts a short-term and broad sell-off in risk assets.
  • Expert Ted Pillows suggests Bitcoin could soon drop by about 10%, falling below $70,000.

Bitcoin is once again facing downward pressure as a key technical indicator is signaling concern.

At the same time, Wall Street giants, including Goldman Sachs, are raising alarms about a broader short-term sell-off in risk assets, potentially creating a negative backdrop for the flagship cryptocurrency.

On the daily chart, Bitcoin has formed a bearish crossover in the Moving Average Convergence Divergence (MACD) indicator. This momentum indicator helps identify shifts in market conditions.

A “bearish cross” occurs when the MACD line (tracking short-term momentum) crosses the signal line (tracking long-term momentum) from above to below. Technical analysts view this as a strong signal that the bullish trend has been exhausted and bears are beginning to dominate the market.

While the S&P 500 and Nasdaq 100 indices surged to record highs in early April due to strong corporate earnings and easing geopolitical tensions, Bitcoin remains in the red. It is currently about 39.6% below its all-time high of $126,080 reached seven months ago on October 6, 2025 (CoinGecko data).

Bitcoin’s technical indicators point to downside risks, and the macroeconomic environment offers little optimism. According to a Sunday note by Goldman Sachs’ head of Americas equity execution John Flood, investors should prepare for a short-term correction in risk assets.

However, the crypto community has long stopped relying heavily on analyst forecasts, whether institutional or individual. The halving cycle theory no longer works as it once did, and much now depends on institutional activity. At least one of them — Strategy — does not plan to stop buying Bitcoin until it accumulates 1 million BTC.

See also: "A decisive moment for Bitcoin: the $80,100 level is critically important!"

#Forecast #Bitcoin (BTC) #Bearish Trading

Editor: Yulia Krasnaya
Comments

Similar

20/05/26 14:19 UTC-04

Bitcoin Price Forecast: BTC ETFs Lose $1 Billion in Two Days as Analysts Warn the Bear Market May Not Be Over

Bitcoin is trading at $76,818 on May 20 after falling below $77,000, as spot Bitcoin ETFs recorded nearly $1 billion in outflows across just two trading sessions. At the same time, stablecoin dominance continues to maintain a breakout structure, while analysts remain sharply divided on whether the market is entering a major accumulation phase or whether the broader bear market is still ongoing.

04/04/26 15:16 UTC-04

Bitcoin Consolidates Under Pressure at $67,000 as Bearish Sentiment Persists

As of April 4, 2026, at 8:00 AM ET, Bitcoin was priced at $67,109, with a market capitalization of $1.32 trillion and a 24-hour trading volume of $45.26 billion. During the session, price fluctuated between $65,934 and $69,074, indicating continued volatility within a broader consolidation phase.