BITCOIN made a MACD bearish cross and can fall to 98000.

Bitcoin / BTCUSD just completed a Bearish Cross on the 4hour MACD. All prior such formations have resulted in immediate declines.

The pattern on the 4hour time frame is a Channel Down and those MACD declines formed its bearish legs.

The two prior bearish legs declined by at least -8.50%.

We expect a similar technical leg to hit at least Support A, which is the last low of the Channel Down.

Sell and target 98000.

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