🚨 #BTC/USDT ANALYSIS 🤔
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Analysis from 25-07-2024 here
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Bitcoin is facing rejection from the resistance trendline of the descending triangle.
It is currently trading above the horizontal demand zone of the triangle.
The Ichimoku Cloud indicates bearish momentum, while the 200-day moving average provides support below the triangle.
We need to wait for a confirmed breakout or breakdown to determine Bitcoin's next move.
