News report ₿ Crypto 🌍 GLOBAL

Bitcoin Momentum Gauge Turns Bearish as Price Risks Drop Below $60,000

Bitcoin faces potential downside toward $57,700 as a bearish MACD signal emerges amid institutional ETF outflows and a strengthening U.S. dollar.

📅 November 13, 2026 🕐 1 min read

3 assets impacted (Crypto, Forex). Net bias: 1 Bullish, 2 Bearish, 0 Neutral. Strongest signal: BTC ↓ 6/10 (55% confidence).

📊 Affected Assets (3)

BTC

Bearish 🤖 55%

📅 Short-term 🌍 GLOBAL · Explicit

Bitcoin trades near $69,052 after breaking below $70,000, and the weekly MACD histogram has dipped below zero, a bearish momentum signal confirmed only if it stays negative at Sunday's close. Historically, 13 of 24 similar signals since 2012 led to drops of at least 16%, which would put BTC near the 2026 low of $57,700. The signal is only roughly 50/50 historically and June's signal saw just a 3% fall, so the direction is likely bearish but not certain.

Catalysts

▼ Weekly MACD histogram turned negative this week; confirmation at Sunday's weekly close
▼ Bitcoin hit a 12-week low, briefly below the 200-week moving average, with liquidations over $1.6 billion

Risk Factors

▲ Only about half of past bearish MACD signals led to 16%+ declines; June's signal saw just a 3% drop before a rebound
▲ The article itself warns no indicator is fully reliable on a standalone basis

USD

Bullish 🤖 60%

📅 Short-term 🌍 US ✨ Inferred

The Dollar Index hit a 19-month high as the dollar rallied on the interest-rate outlook, and the article flags the strong dollar as a headwind for risk assets including Bitcoin. Continued dollar strength would extend pressure on crypto, though the article offers no fresh dollar catalyst beyond the rate-outlook-driven rally already underway.

Catalysts

▲ Dollar Index at a 19-month high on interest-rate outlook

ETH

Bearish 🤖 50%

📅 Short-term 🌍 GLOBAL · Explicit

Ether dipped under $2,000 as part of the broader crypto selloff that included heavy futures liquidations and a Bitcoin break below $70,000. The article does not analyze Ether specifically, so the effect is a passing mention of broad market weakness rather than an Ether-specific catalyst.

🧭 Full analysis of these assets

🎯 Key Takeaways

The weekly MACD histogram has dipped below zero, a bearish signal that requires confirmation at Sunday's weekly close.
Historically, 13 of 24 similar MACD signals since 2012 resulted in price drops of at least 16%.
Bitcoin is currently trading near $69,052, with a 16% decline potentially pushing the price toward the 2026 low of $57,700.
The U.S. Dollar Index has reached a 19-month high, creating significant headwinds for risk assets like Bitcoin.
Recent market volatility has triggered over $1.6 billion in futures liquidations as Bitcoin briefly dipped below its 200-week moving average.

📝 Executive Summary

Bitcoin is facing downward pressure as the weekly MACD histogram dips below zero, a technical signal that has historically preceded 16% declines in roughly half of observed cases since 2012. With the price hovering near $69,052 and the U.S. Dollar Index hitting a 19-month high, analysts warn that a confirmed bearish cross at Sunday's close could push the cryptocurrency toward its 2026 low of $57,700.

❓ FAQ

Why are analysts worried about Bitcoin falling below $60,000?

The weekly MACD momentum gauge has turned negative, and in roughly half of the 24 similar signals since 2012 Bitcoin went on to fall at least 16%, which from around $69,000 would take the price back below $60,000 and possibly toward the 2026 low of $57,700.

Is the bearish signal already confirmed?

No. The MACD histogram dipped below zero this week, but the signal would only be confirmed if the bar remains negative at Sunday's weekly close.

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