📅 July 19, 2025
✍️ By Crypto Markets Desk
Bitcoin ($BTC) continues to test trader patience as it consolidates within a descending triangle, lurking just below the Ichimoku Cloud — a signal that many technical analysts view with caution.
🔍 The Technical Setup
$BTC is currently trapped in a descending triangle pattern, a formation often seen before a significant price movement. This pattern is defined by:
A flat support level (currently near key horizontal zones),
A downward-sloping resistance trendline, and
Decreasing volume, indicating that a volatility spike may be imminent.
Adding to the pressure, $BTC remains under the Ichimoku Cloud, suggesting bearish momentum continues to dominate in the short term.
> ☁️ “Below the cloud” often means below trend — and $BTC is showing weakness unless a breakout flips sentiment.”
