$BTC ANALYSIS (16 February 2025)
Bitcoin is currently trading between the 50MA and 100MA after breaking out of the symmetrical triangle pattern. The 50MA is acting as strong support, while the 100MA is serving as a resistance barrier.
Additionally, the price is moving within the Ichimoku Cloud, indicating a phase of consolidation.
To confirm the next move, we need to watch for a breakout above the 100MA, which could trigger further upward momentum.
Conversely, a breakdown below the 50MA may lead to a retest of the pattern before a potential bullish continuation. Keep an eye on these key levels for confirmation.
