Bitcoin Technical Analysis: BTC Faces Continued Downward Pressure

As of August 19, 2024, bitcoin was trading at $58,061, with a 24-hour range between $57,918 and $60,191. The crypto asset recorded a trading volume of $20.7 billion and maintains a market capitalization of $1.14 trillion. Multiple timeframes reveal a sustained downtrend, with key resistance levels holding firm and technical indicators signaling weak buys (…)