#BTC🔥🔥🔥🔥 /USDT
Bitcoin is in the consolidation zone, having formed an ascending triangle. The current price is at $59,546, near the resistance level in the $60,000-$62,000 region, which may be a key moment to determine the further direction of the price movement.
Technical indicators:
Ichimoku: The cloud shows support below the price, which confirms the uptrend. However, the price is approaching the upper border of the cloud, which may put pressure on the upward movement.
EMA 20/50/100/200: The moving averages are located consecutively, confirming the uptrend. EMA 20 and EMA 50 support the price, however, the price is now below EMA 100 and EMA 200, which may serve as additional resistance.
Conclusion: Bitcoin is at a key resistance level. A break above the $60,000-$62,000 zone could lead to further gains, but if the price fails to overcome this resistance, a pullback to support around $57,000 is possible.
