I just noticed that the Bitcoin MACD histogram has turned red again. This is the third time since October, and every time this indicator shows a bearish signal, the BTC price drops sharply. So, we should be cautious.

Looking at the track record since October, this MACD has been almost always accurate. When it first turned red in early November, Bitcoin immediately collapsed from around $106K down to $80K within weeks. Then there was a small rebound when the MACD turned positive again, but it was only brief, not going anywhere.

The same pattern repeated in January. The MACD turned bearish again, and Bitcoin fell from $90K almost touching $60K. There was another rebound but very weak, only rising to $75K then falling again. Every time the MACD was positive, buyers tried to push up but were always pushed back by sellers. This is a strong sign that sellers are in control.

Now the MACD is red again, and with this track record, traders should not ignore this signal. There’s a likely price decline ahead. Although Bitcoin recently held at a certain level, momentum indicators like this have proven reliable in signaling large sell-offs. So, it’s better to be cautious than to get caught off guard.