In the chart above 4h timeframe, BTC lost momentum since August 13th after retesting 48k and showing a double top reversal pattern at 47,6k.
At the time of writing
Bitcoin (BTC)
the leader of the Crypto market is trading of 45,7k and looks bearish sign. It has just touched the 46k is a clear lower low, lower high, and Neckline reversal pattern. we will see if the 44k support level will be broken and BTC continue its way to go down.
My prediction is that BTC retest 40k and probably we will go for a new ATH.
Stay tuned. Happy trade everyone.
This is not financial advice.