#BTC/USDT ANALYSIS
Bitcoin is currently rebounding from the support trendline of its descending channel after a strong rejection.
The 200-day moving average is acting as resistance above the current price.
A breakout above the 200MA, coupled with a solid breakout from the descending channel, would confirm a bullish trend.
Conversely, if Bitcoin breaks below the channel's support trendline, a further decline in the market is likely.
