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Technical analysis by DENCHMON about Symbol BTC: Sell recommendation (8/12/2024)

https://sahmeto.com/message/2534615

BITCOIN (BTC/USD) 12/08/2024

Sell
Price at Publish Time:
$58,457.83
Profit Target:
(+31.57%)$40,000
Sell،Technical،DENCHMON

Bias as of drawing this idea is Bearish...62K appears to be holding resistance as price falls to test for support.A failure could mean a new test of 50k again, a failure to find a support could mean we see a test of 40k and then 30k.

Source Message: TradingView
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