#Binance #Bitcoin

#BTC/USDT ANALYSIS

Bitcoin has perfectly bounced from the support trendline of the ascending triangle. Currently, it is testing the horizontal resistance zone of the triangle. The 200MA is acting as resistance above the current price action, while the Ichimoku cloud is showing bullish momentum.

A solid breakout above the 200MA and the ascending triangle would indicate further bullishness for BTC. On the other hand, the price may be rejected at this level, leading to further consolidation within the pattern.