#Bitcoin is rebounding from the horizontal demand zone of the descending triangle pattern and is currently attempting to break the resistance trendline. The Ichimoku Cloud is acting as a resistance barrier above the current price action. A solid breakout of both the #pattern and the cloud would signal a #bullish trend. Otherwise, rejection from this level could lead to a pullback. $BTC
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#BTC/USDT ANALYSIS
#Bitcoin is rebounding from the horizontal demand zone of the descending triangle pattern and is currently attempting to break the resistance trendline. The Ichimoku Cloud is acting as a resistance barrier above the current price action. A solid breakout of both the #pattern and the cloud would signal a #bullish trend. Otherwise, rejection from this level could lead to a pullback. $BTC
#crypto