Bitcoin's Weekly MACD Nears Golden Cross, But Macro Uncertainty Still Dominates Price Action

Odaily According to technical analysis, Bitcoin experienced intensified competition between technical and macro factors this week. The weekly MACD indicator is approaching a critical bullish golden cross, coupled with the price reclaiming the 200-week EMA, signaling the first potential trend reversal signal since 2025. However, geopolitical tensions and inflation data uncertainties continue to exert downward pressure on the market.

On-chain data shows a simultaneous rise in exchange open interest and active buying, indicating that new risk exposure is driving short-term momentum. On the macro front, the US-Iran situation remains a core variable, with Trump's set deadline approaching. The market is also closely watching the progress of a potential 45-day ceasefire agreement, with risk assets being highly sensitive to related news. Some traders still believe Bitcoin could retest the $60,000 level or even lower, but if macro risks ease, the price is expected to further challenge the $80,000 level. (Cointelegraph)