Bitcoin is rebounding from the support trendline of the ascending triangle pattern and is currently attempting to break above the horizontal supply zone.
The Ichimoku cloud is acting as a key support zone, showing strength in the current structure.
A solid breakout above the supply zone could provide strong bullish confirmation, while rejection from this level could lead to a downward move. $BTC #BTC☀ #crypto
BTC.D is consolidating within the broadening wedge pattern and is currently trading above the Ichimoku cloud.
The Ichimoku cloud is acting as a key support zone below the current price action. We need to wait for a solid breakout or breakdown to confirm the next directional move.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap. $BTC