$BTC 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.
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BTCUSDT
Perp
67,897.3
-2.71%