#BTC/USDT 1 Weekly Timeframe
Bitcoin is currently consolidating within an ascending triangle on the weekly timeframe, indicating potential bullish momentum. Trading above the Ichimoku Cloud, which acts as dynamic support, further reinforces this strength.
The cloud support with the pattern structure suggests that Bitcoin could be preparing for a breakout.
However, it is important to wait for a decisive move beyond the triangle resistance or a breakdown below the support level to confirm the next directional move.
Until then, patience is key as the market could head in either direction depending on the upcoming price action.
