Technical analysis by ChampsMoneyConcepts about Symbol BTC: Sell recommendation (4/13/2024)

Bitcoin has created a nice ascending triangle under the hourly timeframe where we are required to wait patiently for a breakout confirmation to determine the next direction that BTC may take in the next few days. Here we witness a fake breakout earlier on the minor resistance formed, which is indicating that BTC has a strong selling pressure aligned above this level. So we have a higher chance of seeing a downward shift in prices, but still we are required to confirm a bearish breakout on the trend line first.