Technical analysis by bacurrie45 about Symbol BTC: Sell recommendation (8/19/2024)

Hi Traders looking at BTC on a 4 Hour chart here we can see it has failed to break and close above the pivot of $58761. There is a strong trend line which if we break below and fail to retest successfully then BTC can easily fall to the next support of $55665. Also note it could fall further as there is demand in the range of $53874 -$49375. If BTC close over the pivot and successfully retests it then the bearish thesis is invalidated