$BTC
#BTC/USDT ANALYSIS
Bitcoin has broken out of the descending triangle on the 2H chart, backed by strong volume—a bullish signal suggesting renewed upward momentum.
The Ichimoku Cloud is currently acting as dynamic support, reinforcing strength below the price. BTC is now retesting the breakout level around $118,000. Holding this zone could lead to a continuation of the uptrend.
However, a failed retest and breakdown back into the triangle would invalidate the breakout and could signal further consolidation.
Stay alert and watch for confirmation on lower timeframes before entering fresh positions.
