Technical analysis by bahadirkisbet about Symbol BTC: Sell recommendation (7/8/2023)

BTC may hit the demand area Everything is indicated in the chart. Basically, BTC moves in a range. It does sometimes distortions which is wrapped by yellow boxes. Along the range, BTC has decreased its volume output, which means the weakness. Hence, IF BTC wants to go up, it would need to accumulate some volume. That means, in my opinion, that it has to provide buyers some opportunity around the closest demand area. Red area: Supply area Green area: Demand area Black lines: resistance or supports. Yellow box: Distortions