#MarketDownturn

$BTC

#BTC/USDT ANALYSIS

Bitcoin is consolidating within an ascending triangle on the weekly timeframe. Currently, It is rebounding from the triangle's support trendline, and the Ichimoku cloud indicates bullish momentum.

However, the 21-day moving average is acting as resistance above the current price action. A solid breakout above the triangle is needed to anticipate a new peak for BTC.