📉 Bitcoin Technical Analysis 📈 (Chart-Art)

ðŸ”Ū Trend Indicators

The chart shows a downward trend with lower highs, suggesting a bearish sentiment.
📐 Support & Resistance

Clear resistance levels formed, indicating difficulty in price rising past certain points.
A support level seems to be tested; a break below could signal further declines.
📊 Volume Analysis

Spikes in volume accompany price drops, possibly a sign of strong selling pressure.
🔄 Fibonacci Retracement

Price nearing a key Fibonacci level, often a reversal zone.
ðŸ’Ą Candlestick Patterns

Recent candles lack significant wicks, showing decisive moves with little indecision.
⚖ïļ Market Sentiment

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Bearish PatternsbearmoonBeyond Technical AnalysisBitcoin (Cryptocurrency)chartartistTrend Analysis

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