#BTC/USDT ANALYSIS
Bitcoin is rebounding from the horizontal demand zone of the descending triangle pattern, with the 100MA acting as strong support and signaling bullish strength.
However, it is currently facing resistance from the 50MA, which is capping the price action from above.
A breakout above both the 50MA and the descending triangle would confirm a bullish trend. Until then, further consolidation within the pattern remains possible.