BTC/USDT ANALYSIS
Bitcoin is currently consolidating within a symmetrical triangle pattern. The price is facing rejection from the resistance trendline of the triangle, while the Ichimoku Cloud is acting as an overhead resistance, capping upward momentum.
On the downside, the 100-day Moving Average is providing strong support, indicating underlying bullish strength. For now, itโs crucial to wait for a decisive breakout or breakdown from the pattern to confirm Bitcoinโs next major move.