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🚨BITCOIN where are you going? Simple analysis 🤔 Bitcoin is currently trading within a descending triangle pattern and facing rejection from the resistance trendline. The Ichimoku Cloud is providing support just below the price action. A breakdown below the Ichimoku Cloud could signal further downside movement within the pattern. Conversely, a breakout above the triangle, supported by significant volume, would confirm a bullish trend. It's essential to closely monitor these key levels for the next move. #BTCUptober $BTC
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Bitcoin Weekly Chart: Bitcoin dropped 7% in this week due to Iran-Israel Conflict. Support : $60,000 and $57500 Resistance: $67000 and $70000 Any Further escalation between Iran-Israel can give more correction on chart. We have noticed that BTC price drops in first 10 days of each month since April and than rebound quickly. October can be highly volatile due to War/Earning Season and US Election. #BTCUptober #btc
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