Technical analysis by shncoskunn about Symbol BTC: Sell recommendation (8/14/2023)

Greetings Dear Friends, Technical: Daarish Shark: When we examine the daily graph, we see that the Bearish Shark formation is completed. *The first target is 29275. The second target 28200 Thumbs on 2678932650 daily and weekly closures are important levels. This formation may be a harbinger of a rise after the decrease trend. The possibility of the formation of a weekly Bulish Shark Formation: When we examine the weekly graph, we observe that a potential Bulllish Shark formation is shaped. In addition, the weekly TA, ie 2024 6-7 months until the week, I follow this graph. The HALVING activity in March 2024 and the Blackrock Spot ETF application, which will be decided in February 2024, is important for the future of crypto currencies.1. Bitcoin Halving: The spell of limited supply in the March-April-April month, the Network of the Network, the reward system of Halving, that is, the half will take place. This means that the quantity of the miners in each blok invention has been reduced to half. Such HALVING activities allows a controlled reduction of the supply of Bitcoin. Past examples show that every halvingin causes rise in the price of Bitcoin.2. Blackrock Spot Etf: Can it accelerate corporate constipation? One of the important steps for crypto currencies to be accepted in the financial world is the creation of products that facilitate the access of large financial institutions to crypto assets. Blackrock's expected Spot ETF application in February 2024 is also important in this sense. If approved, it can be an easier and more safe way for traditional investors who want to invest in crypto currencies. Such a situation may trigger confidence problems and price fluctuations.2.Stil Coins: Stable Coins, especially popular ones such as Tether may cause fluctuations in the market. If a stable coin value loses or loses its reputation, it can have great effects on the crypto market.