$BTC

BTCUSDT

Trajne ter. pog.

73,164.8

+0.45%

BTC/USDT ANALYSIS

Bitcoin is consolidating within a descending channel and is currently trading below the channel’s resistance trendline. The Ichimoku Cloud is also acting as a resistance barrier, reinforcing the bearish pressure.

A strong breakout above both the channel and the cloud would signal a bullish rally in the market. Keep a close eye on upcoming price action for confirmation.