#BTC/USDT ANALYSIS

Bitcoin has recently broken down from an ascending triangle pattern. After retesting the 100-day moving average, which is now acting as resistance, the price remains below this level.

However, Bitcoin is currently trading above the Ichimoku Cloud, which is providing support and indicating ongoing momentum. A breakdown below the Ichimoku Cloud could signal further downward movement for BTC.

On the other hand, a bounce from the current level, where the price is trading, could indicate a potential reversal.