Bitcoin Analysisđđïž
Market Analysisăœïž
August 18, 2024
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*âȘïžTECHNICAL (1W)*
On the WEEKLY timeframe, the price action of $BTC has formed a triple top pattern, indicating potential resistance. đ
However, on the Daily timeframe, the price action is holding strong at the support region, showing the formation of a double bottom pattern, which suggests a possible bounce back. đ
*âȘïžWRAP-UP*
On the lower timeframe, the price action has left a candle imbalance between the $60,660 to $59,413 level. We can anticipate that the price action will likely fill this imbalance before any further downward movements. đ
