Bitcoin is rebounding from the support trendline of its ascending triangle pattern, with the 50MA acting as a resistance barrier above the current price.
A breakout above the 50MA could drive further upward movement within the pattern, while a breakout of the triangle itself would confirm a bullish trend.
Conversely, a breakdown from the pattern could signal a deeper market correction.
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#BTC/USDT ANALYSIS
Bitcoin is rebounding from the support trendline of its ascending triangle pattern, with the 50MA acting as a resistance barrier above the current price.
A breakout above the 50MA could drive further upward movement within the pattern, while a breakout of the triangle itself would confirm a bullish trend.
Conversely, a breakdown from the pattern could signal a deeper market correction.