Technical analysis by KurtLaurier about Symbol BTC: Sell recommendation (10/12/2023)

I've observed what appears to be the development of a head and shoulders pattern on the daily chart of Bitcoin. This technical pattern often signifies a potential trend reversal, with the 'head' at the highest point, and two 'shoulders' on either side. Traders typically watch for a break below the 'neckline' as a signal of a possible downturn in the cryptocurrency's price.