🚨🚨 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐔𝐫𝐠𝐞𝐧𝐭 𝐔𝐩𝐝𝐚𝐭𝐞, 𝐖𝐢𝐥𝐥 𝐢𝐭 𝐅𝐚𝐥𝐥 𝐭𝐨 60𝐤 𝐀𝐠𝐚𝐢𝐧 🚨🚨
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Bitcoin is currently consolidating within a descending channel pattern on the 2D timeframe. It is trading above the Ichimoku cloud, which is providing support below the price action. A breakout above the channel is needed to signal another bullish rally in the market.
> Conversely, if the price fails to break through the resistance trendline, we may see continued price movement within the pattern, potentially leading to a decline.
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