#BTC/USDT ANALYSIS
Bitcoin is trading below the horizontal supply zone, with the 200MA and Ichimoku cloud both acting as key resistance barriers.
A rejection from these levels could lead to further downside in the market.
On the other hand, a breakout above the 200MA could provide bullish confirmation and trigger further upside.
Bitcoin is trading below the horizontal supply zone, with the 200MA and Ichimoku cloud both acting as key resistance barriers.
A rejection from these levels could lead to further downside in the market.
On the other hand, a breakout above the 200MA could provide bullish confirmation and trigger further upside.
