Technical analysis by QuantumDivergence about Symbol BTC on 8/12/2023

There is some serious confluence here in this current Bitcoin Chart. The neckline of that Head and Shoulders pattern is ALSO the 12hr 200 EMA, and that could be a massive place to either bounce, or finally convince the market of more downside. I will be watching these levels CLOSELY as there is also some disparity between Binance and Coinbase and other exchange chart of around 4-500$ as well as their corresponding EMAs.