Technical analysis by MarkitMaven about Symbol BTC: Sell recommendation (7/4/2024)

Today, Bitcoin hit 200ma for the first time since August 2023. Historically, that not a good sign for Bitcoin. There is also not enough volume to support a full recovering and it's beginning to show significant underlying weakness. This move, in the most bullish way possible, may be the formation of the handle of this a c&h around 40k.