#BTC/USDT ANALYSIS
BTC is currently retesting above the descending triangle and encountering resistance from the MA 200 on the daily timeframe. The Ichimoku cloud is also serving as a support level.
A candle close above the MA 200 would confirm a bullish trend and increase the likelihood of an upward movement, as long as the price remains above the triangle.
BTC is currently retesting above the descending triangle and encountering resistance from the MA 200 on the daily timeframe. The Ichimoku cloud is also serving as a support level.
A candle close above the MA 200 would confirm a bullish trend and increase the likelihood of an upward movement, as long as the price remains above the triangle.