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As Bitcoin (BTC) seeks to maintain its price above the $110,000 mark, technical indicators suggest further losses may be looming. Specifically, the threat of an additional downturn is highlighted by a ‘death cross’ on the Moving Average Convergence Divergence (MACD) indicator, according to insights from cryptocurrency analyst Ali Martinez in an X post on August 27. Bitcoin price analysis chart. Source: TradingView Notably, the MACD tracks momentum through two moving averages, and a death cross occurs when the short-term line falls below the long-term one, signaling bearish pressure.  Historically, this pattern has preceded sharp Bitcoin corrections, with the latest signal pointing to a potential drop toward the $100,000 support level. According to the Analysis , Bitcoin faced rejection at the $120,000 region after a strong rally earlier in 2025, a drop triggered mainly by whales offloading the asset. The price has since slipped into a downward trend, lo...