INVESTIDEAUA
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ANALYSIS #BTC /USDT
Bitcoin is facing a rebound from the resistance line of the descending triangle trend model and is currently bouncing off the horizontal demand zone.
The Ichimoku cloud shows strength below the price, while the 50MA acts as a resistance barrier above. A breakout above the 50MA and the trend resistance line could signal an upward movement.
Conversely, a breakout below the triangle is likely to provoke a bearish movement. Keep a close eye on the price action for further confirmation.
Bitcoin is facing a rebound from the resistance line of the descending triangle trend model and is currently bouncing off the horizontal demand zone.
The Ichimoku cloud shows strength below the price, while the 50MA acts as a resistance barrier above. A breakout above the 50MA and the trend resistance line could signal an upward movement.
Conversely, a breakout below the triangle is likely to provoke a bearish movement. Keep a close eye on the price action for further confirmation.
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