#BTC/USDT ANALYSIS

Bitcoin is currently consolidating within a descending triangle pattern, indicating a period of indecision in the market. Presently it is trading above the triangle's horizontal demand zone, with the 200-day moving average acting as a critical support level, suggesting sustained momentum.

However, the Ichimoku cloud is positioned above the price action, providing a significant resistance barrier.

Traders should watch for a decisive breakout above the resistance or a breakdown below the support to confirm Bitcoin's next directional move. Until such a confirmation occurs, the market is likely to remain in a state of flux.