BTC/USDT ANALYSIS
BTC has experienced a notable bounce with strong trading volume from its horizontal support level. Currently, it is encountering resistance at the horizontal, MA 100, and MA 200 levels. Additionally, the price is situated within the Ichimoku cloud, indicating a state of indecision in the market.
For the bulls to sustain the upward momentum, they require a decisive breakout above the horizontal resistance. Conversely, a rejection at this level would likely lead to a downward price movement.