Analysis of #BTC/USDT

After bouncing from the horizontal demand area of the descending triangle pattern, the price is now facing rejection at the resistance trendline of the pattern.

The Ichimoku cloud is also acting as a resistance barrier above the price action.

A breakout of both the trendline and the cloud indicates a potential bullish direction.

Alternatively, the price may continue to consolidate within the pattern until a decisive movement occurs.