Technical analysis by hoomankaramii about Symbol BTC: Sell recommendation (3/31/2024)

After 7 months of continuous growth, like the previous 2 Bitcoin halving periods, Bitcoin is ready to fall for 3 reasons: 1- It has completed its third five waves, now we have to wait for three falling waves. 2- Bitcoin needs to complete its golden ratio process to continue moving. It is in Fibonacci, so the area 52 to 54 is the best area to complete this trend. 3- The quasimodo pattern and also the decrease in liquidity in the last week fully confirm this trend.