#BTC/USDT ANALYSIS
Bitcoin is facing rejection from the resistance trendline of the descending triangle pattern and is currently rebounding from the horizontal demand zone.
The Ichimoku Cloud is showing strength below the price, while the 50MA is acting as a resistance barrier above. A breakout above both the 50MA and the pattern’s resistance trendline could signal an upward move.
Conversely, a breakdown below the triangle would likely trigger a bearish move. Monitor the price action closely for further confirmation.
