#btc/usdt has broken out above a local descending channel🧐 | Crypto Revolution Masters on Binance Square

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#btc/usdt has broken out above a local descending channel🧐
In just 3 days, $BTC has rallied more than 12%👀
A slight pullback may occur to ease overbought conditions☝️
Further upside momentum is expected to continue📈

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#TOTAL MARKET CAP ANALYSIS The total cryptocurrency market cap is consolidating within a bull flag pattern and is presently trading within the Ichimoku cloud. For a bullish continuation, it is crucial to wait for a successful breakout from both the Ichimoku cloud and the bull flag pattern, indicating strong upward momentum. However, caution is advised as a break below the support trendline of the bull flag would invalidate the pattern, suggesting a potential shift in market sentiment and the possibility of further downside movement.

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