#BTC/USDT ANALYSIS
Bitcoin is currently consolidating within a symmetrical triangle pattern, with its price holding above the Ichimoku Cloud. This is an important technical position, as the Ichimoku Cloud is providing a support level, indicating that bullish momentum could still be in play.
To confirm the next direction, it's essential to wait for a successful breakout above the triangle's upper resistance trendline or a breakdown below the support trendline.
A breakout to the upside, particularly if accompanied by significant trading volume, would indicate the continuation of a bullish trend, potentially pushing Bitcoin towards higher price targets.
On the other hand, a breakdown from the triangle could signal a bearish move, with the price likely falling towards key support zones below.
