Technical analysis by Crypto_Moses about Symbol BTC: Sell recommendation (10/18/2023)

The 12 hour has the price of bitcoin pretty much topped out (in the BB Band) at the same time it's bounced off this developing wedge pattern. A break above and out the wedge would negate the wedge and mean the uptrend is just that, a trend. However, as long as that wedge develops, and breaks down, it could be something the bears will utilize for a possible measured move down: Something to keep an eye on. Overall, it looks like price has been respecting the BB band's range for quite some time so if this time were different, it would be novel. Break down could be a grueling down trend towards lower 20 thousands level or range. Hopefully, bulls can keep it on trend or hold it sideways at worst. My bias is we're probably near topping if not topped already which means an equal and opposite trend towards a lower low than this trend's low. But, take that with a grain of salt. Bitcoin is primed.