$BTC
BTC/USDT ANALYSIS
Bitcoin is consolidating within a descending triangle pattern on the 2H chart and is currently trading below the Ichimoku Cloud, which is acting as a resistance barrier. The price has been respecting the trendline while holding above the $116,000 support zone.
At this stage, we need to wait for a clear breakout above the descending trendline or a breakdown below the support level to confirm the next directional move. Until then, the structure remains neutral.
Patience is key—wait for confirmation before entering any position.
