Bitcoin (BTC/USDT) Analysis: ‼️‼️‼️‼️Bitcoin is bouncing back from the support trendline after facing rejection at the horizontal supply zone. The 200-day Moving Average (200MA) is currently acting as resistance. We're in a wait-and-see scenario, awaiting either a breakout or breakdown.
A successful breakout would confirm a bullish trend, while a breakdown below the trendline would indicate a continued correction. Stay alert!
