Bitcoin Analysis📊🖇️
Market Analysis〽️
August 18, 2024
➖➖➖➖➖
*⚪️TECHNICAL (1W)*
On the WEEKLY timeframe, the price action of $BTC has formed a triple top pattern, indicating potential resistance. 📊
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. 📈
*⚪️WRAP-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. 📉
