BTC has broken out of the symmetrical triangle pattern with a noticeable increase in trading volume on a 2-day timeframe. The MACD indicator has registered a bullish crossover, indicating a spike in positive momentum.
The Ichimoku cloud is displaying a bullish trend. As long as BTC remains above the boundaries of the triangle, a continuation of the ongoing bullish rally is anticipated.
BTC continued it's bullish move after the breakout of the ascending triangle. Currently, it is facing the strong horizontal resistance. A solid breakout above it would be the bullish confirmation, while in case of a rejection, it might took some correction.
BTC experienced a significant increase in trading volume following the breakout from the ascending triangle pattern. Presently, it is encountering resistance at its previous high.
A strong breakout above this level would serve as confirmation for the continuation of the bullish momentum. Should it face rejection at the horizontal resistance, the next likely scenario is a test of the horizontal support.
$BTC is currently forming an ascending triangle pattern on a 4-hour timeframe. It is currently attempting to break out of this pattern. A strong breakout from the triangle would confirm a bullish trend, while a rejection would likely lead to further consolidation within the ascending triangle.
BTC has broken out of the ascending triangle pattern on the 8-hour timeframe with a significant trading volume. This breakout successfully absorbed all the available upward liquidity.
Currently, it is undergoing a retest above the triangle. As long as the price remains above the triangle, a bullish movement is anticipated. However, if the price re-enters the triangle, it is likely to continue consolidating within the triangle pattern.
The total market cap has rebounded following a successful retest of the descending triangle. At present, it is in the process of breaking out of the Ichimoku cloud and attempting to breach the MA 100.
The macd crossover indicates bullish momentum. A candle closing above the MA 100 would confirm the continuation of the bullish trend in the market.
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