$BTC

Analysis of the Pair (BTC/USDT)

Bitcoin has broken from the descending triangle pattern and is currently undergoing a retest below it.

The 50-year moving average acts as a resistance barrier above the price action.

A successful confirmation of the retest of the break is likely to indicate a continuation of the decline.

However, if the retest fails, the price may revert to the pattern and continue trading within its range.