#BTC/USDT ANALYSIS
Bitcoin is currently consolidating within a descending channel pattern on the 2D timeframe. It is trading above the Ichimoku cloud, which is providing support below the price action. A breakout above the channel is needed to signal another bullish rally in the market.
Conversely, if the price fails to break through the resistance trendline, we may see continued price movement within the pattern, potentially leading to a decline.
