🪙#BITCOIN : showing signs of potential upward momentum as it approaches the crucial 44,000K horizontal resistance level. Currently, it has successfully crossed the 100-day Moving Average (100MA) in the 12-hour time frame, a positive indicator. However, it is facing resistance from both the mentioned horizontal level and the Ichimoku cloud.
For a clear bullish signal, BTC needs to definitively break through the 44,000 USD barrier and surpass the resistance posed by the Ichimoku cloud. Such a breakthrough would be a strong confirmation of an upward trend.
On the flip side, if Bitcoin faces rejection at this juncture, it could suggest a possible consolidation phase between the support and resistance zones.
