Bitcoin Monthly MACD Forms First Death Cross, BiyaPay Analyst Says

Bitcoin's monthly MACD formed its first death cross on Nov. 13, signaling early bear market conditions, a BiyaPay analyst said. The monthly chart shows clear trend deceleration despite BTC trading above $100,000, with the candle breaking below short-term moving averages and momentum bars contracting. The analyst recommends a "bearish but not shorting" stance, noting early bear phases often feature volatile swings that can trigger short squeezes while mid-to-long-term policy and liquidity variables remain unresolved.