#BTC/USDT ANALYSIS

Bitcoin is currently trading near its resistance trendline after a robust rebound from the support trendline, indicating strong upward momentum.

Positioned above the Ichimoku cloud and the 100-day moving average, which are providing significant support, the current price action suggests bullish sentiment.

A breakout above the resistance, followed by a successful retest, could trigger another bullish rally, potentially pushing the price higher.

However, there is also the possibility of a decline if the price fails to break through the resistance trendline, emphasizing the critical nature of this juncture in Bitcoin's price trajectory. $BTC #Biden_Out_BTC_Up #Bitcoin_Coneference_2024