Bitcoin is encountering resistance at the horizontal supply zone and is currently holding above the support trendline of its ascending triangle pattern. A potential bounce from this support level is likely.
The 100MA is reinforcing bullish strength, providing additional support. To confirm the next direction, we must wait for a decisive breakout or breakdown.
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#BTC/USDT ANALYSIS
Bitcoin is encountering resistance at the horizontal supply zone and is currently holding above the support trendline of its ascending triangle pattern. A potential bounce from this support level is likely.
The 100MA is reinforcing bullish strength, providing additional support. To confirm the next direction, we must wait for a decisive breakout or breakdown.