#BTC/USDT Analysis

Bitcoin has recently broken through the horizontal demand zone of the descending triangle pattern, indicating a potential shift in market sentiment. It is now in the process of retesting the lower bound of the triangle.

The Ichimoku Cloud reinforces this bearish outlook, as its indicators show increasing bearish momentum. If the retest of the triangle’s boundaries confirms this bearish bias, we could see a continuation of the decline, which could lead to a significant price decline.

Conversely, if Bitcoin fails to stay below this level during the retest, it could enter a consolidation phase within the descending triangle.