#BTC Analysis 📈
On the daily time frame, the descending triangle was breached with a large value and rebounded from the main support area at $54,000.
The 200 days MA indicator acts as a strong support for the current price movement, which favors the continuation of the rise and the end of the downward movement.
However, in the event of a breakdown below the indicator, we may see further correction until reaching the ichimoku cloud support area, which is located above the descending triangle breach level.
But so far, things are positive and we do not anticipate events. 👍
