Bitcoin is consolidating within a descending triangle pattern, trading just above a critical horizontal demand zone. The 21MA and 50MA are forming a resistance barrier above the current price action, while the Ichimoku Cloud signals bearish momentum.
A decisive breakout or breakdown is essential to confirm the next major move. Stay alert this setup could define Bitcoin's next trend.
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#BTC/USDT ANALYSIS
Bitcoin is consolidating within a descending triangle pattern, trading just above a critical horizontal demand zone. The 21MA and 50MA are forming a resistance barrier above the current price action, while the Ichimoku Cloud signals bearish momentum.
A decisive breakout or breakdown is essential to confirm the next major move. Stay alert this setup could define Bitcoin's next trend.