#BTC/USDT ANALYSIS
Bitcoin is trading above the Ichimoku Cloud after the breakout from the symmetrical triangle, with the cloud now acting as a key support.
The 100MA, however, is posing resistance above the current price action. This setup suggests a critical decision point for Bitcoin.
If the price bounces off the support provided by the Ichimoku Cloud, we could see a push toward the 100MA, potentially leading to a bullish continuation if it breaks through this resistance.
Conversely, if Bitcoin loses support at the Ichimoku Cloud, it may trigger a retest of the previously broken symmetrical triangle.
