Technical analysis by privatedvlper about Symbol BTC: Sell recommendation (2/12/2024)

Bitcoin has been consolidating at these levels since November 2023. 48000 - 49000 also happens to be previous resistance from March 2022, where the sellers came in and pushed the price down to 15000 by November 2022. With an oversold stock market, a retracement of the SP500 might offer a short term selling opportunity of 800 - 1000 Pips on BTCUSD.