Blockchain.news
Bitcoin Danger Zone: Dead MACD and Death-Cross Threat Could Tank BTC to $58K
July 8, 2026•04:09 AM
Bitcoin is currently trapped below critical pivot points and major moving averages, signaling a high-risk environment for bulls. The MACD momentum is converging toward zero, creating a volatile inflection point that could trigger a massive shift in market sentiment.
If the crucial $61,980 support level fails to hold, bears are positioned to drive the price down toward the $58,000 mark. The looming threat of a 'Death Cross' overhang suggests that the current bearish momentum could intensify unless a significant recovery occurs.
Unless bulls can reclaim momentum and break above the $61,980 threshold, the downside risk is significant. Bears are eyeing a descent toward $58,000, fueled by the technical overhang of a potential Death Cross.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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