๐ฅ๐ฅ ๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐๐ข๐ฅ๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐ฅ๐ฅ
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Bitcoin is currently consolidating within a descending channel pattern and is facing resistance from the Ichimoku cloud, which indicates bearish momentum.
> Meanwhile, the 200MA is acting as support, demonstrating bullish strength. We need to wait for a successful breakout above the Ichimoku cloud and the channel's resistance trendline to signal a potential bullish rally.
> On the other hand, if Bitcoin breaks below the 200MA and the channel's support trendline, we could see a market correction.
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