Technical analysis by TheAltcoinBuff about Symbol BTC on 8/14/2023

A weekly close above 30.6k could mark a turnaround, supported by rising Tenkan San and upward Senkou Span A. The lagging coming near to price and flat Kijun hint at consolidation. Continuous MACD crossings and red bars suggest ongoing bearish momentum. If we close above kumo cloud, it might set the stage for a trend reversal. This situation balances between consolidation and potential reversal, with a key role for the closing above kumo in determining future market direction.