BTC is moving in an ascending triangle on 12h TF. Currently, it is trading above the ascending trendline and the MA 50. The Ichimoku cloud is showing a positive trend.
A bounce from here and break out of the ascending triangle would be a strong bullish confirmation. If it breaks down the triangle, that would be a sign of short-term correction in the market.
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#BTC update
BTC is moving in an ascending triangle on 12h TF. Currently, it is trading above the ascending trendline and the MA 50. The Ichimoku cloud is showing a positive trend.
A bounce from here and break out of the ascending triangle would be a strong bullish confirmation. If it breaks down the triangle, that would be a sign of short-term correction in the market.