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Bitcoin Flashes Bearish Signal. Is 10% Drop Imminent?
TL;DR
Bitcoin shows a bearish MACD cross signal, indicating potential downward pressure. Analysts warn of a possible 10% drop in the near term as market conditions worsen.
Key points
- Bitcoin shows a bearish MACD cross signal
- Potential for a 10% drop in the near term
- Wall Street warns of a selloff in risk assets
Mentioned in this story
Goldman Sachs
Bitcoin is facing renewed downward pressure as a key technical indicator flashes red.
The ominous signal arrives just as Wall Street giants like Goldman Sachs sound the alarm on a broader near-term selloff in risk assets, creating a potentially hostile macroeconomic environment for the flagship cryptocurrency.
$BTC bearish MACD cross on the daily timeframe has happened.
When it occurred last time, Bitcoin dropped almost 10% in a week. pic.twitter.com/Py4TyJpnO9
— Ted (@TedPillows) April 28, 2026
The bearish MACD cross, explained
The immediate concern for cryptocurrency traders stems from a widely tracked momentum indicator. Bitcoin has printed a bearish MACD cross on the daily chart.
For those unfamiliar with technical charting, the Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator used to identify shifts in market control.
A "bearish cross" occurs when the MACD line (which tracks short-term momentum) crosses below the signal line (which tracks longer-term momentum). Technical analysts view this specific crossover as a strong signal that bullish exhaustion has set in and bears are taking control of the asset's trajectory.
Bitcoin lags behind equities
The bearish crypto setup is particularly concerning because Bitcoin has already been struggling to capture momentum, even while traditional markets thrived.
While the S&P 500 and Nasdaq 100 surged to record highs earlier in April fueled by resilient corporate earnings and easing geopolitical tensions, Bitcoin has remained stuck in the red. The digital asset is still down roughly 39.6% from its massive all-time high of $126,080, which was achieved seven months ago on October 6, 2025.
Wall Street warns of a coming sell-off
If Bitcoin's technicals are pointing down, the macroeconomic backdrop isn't offering much of a safety net. According to a Sunday note from John Flood, head of Americas equities execution services at Goldman Sachs, investors need to brace for a near-term pullback across risk assets.
Q&A
What does the bearish MACD cross signal for Bitcoin?
The bearish MACD cross indicates a potential downward trend for Bitcoin, suggesting traders should be cautious.
How much did Bitcoin drop the last time a bearish MACD cross occurred?
Last time a bearish MACD cross happened, Bitcoin dropped nearly 10% within a week.
What are Wall Street's concerns regarding Bitcoin and risk assets?
Wall Street giants like Goldman Sachs are warning of a broader selloff in risk assets, which could negatively impact Bitcoin's price.
