Bitcoin’s MACD Indicator Turns Bearish Amid Trump’s Tariff Threat

The moving average convergence divergence (MACD) indicator for bitcoin (BTC) has turned negative, signaling a bearish shift in momentum. This change coincides with President Trump's tariff rhetoric, which could impact market stability.

Key points:

The MACD histogram indicates trend strength by comparing average prices over different periods.
The current MACD reading is below zero, suggesting potential downward movement for BTC.
Despite this, BTC remains within the $90K to $100K range, with tighter recent movements between $95K and $100K.
Price action needs to confirm MACD signals; the previous bullish signal was supported by price breakout.

Macro Factors Impacting BTC

Several macroeconomic factors could contribute to volatility:

Trump plans to announce 25% tariffs on steel and aluminum imports, potentially leading to higher bond yields.
Consumer sentiment is affected, with inflation expectations rising from 3.3% to 4.3%, the highest since November 2023.
The Federal Reserve may hold off on rate cuts despite inflation concerns.
Upcoming U.S. CPI data will be released on February 12.