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After the rejection from the descending triangle resistance trendline, Bitcoin is currently attempting to break its horizontal demand zone within the triangle.
The Ichimoku Cloud is also acting as resistance above the triangle. We need to wait for a successful breakout or breakdown to determine the next move.
AKRO is currently consolidating within a symmetrical triangle pattern and is rebounding from the support trendline of the triangle. The Ichimoku Cloud is positioned above the triangle and is acting as a significant resistance level.
A breakout above the triangle, combined with a move through the Ichimoku Cloud, would serve as a bullish confirmation, potentially signaling a strong upward trend.
Conversely, if AKRO breaks down through the support trendline of the triangle, it could indicate a bearish scenario and result in further downward movement.
The price action within this symmetrical triangle is crucial, as it will determine the next significant direction for AKRO.