BTC/USDT : Rounding Bottom Pattern Signals Potential Breakout

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BTC/USDT has recently formed a **rounding bottom pattern** on the daily chart, taking shape near the **2021 all-time high (ATH)** resistance level. This pattern signals a potential shift in momentum as the price progresses toward this critical resistance zone.

Currently, Bitcoin is trading above the **100 and 200-day EMAs**, indicating bullish sentiment in the market. If BTC successfully breaks above the rounding bottom pattern, a strong **bullish move** is anticipated, potentially leading to new highs.

Conclusion :

The formation of the rounding bottom pattern near the ATH resistance level suggests a bullish outlook for Bitcoin, especially given its position above key moving averages.

Advice :

- Monitor the price action closely as BTC approaches the **ATH resistance** for potential breakout opportunities.

- Consider entering positions if the breakout occurs, but implement strict risk management through stop-loss orders.

- Stay updated on market developments that may influence Bitcoin's performance in the near term.