#BTC/USDT ANALYSIS
Following the breakout of the descending triangle, the price is currently trading above the 200MA, which is providing strong support at this level. A bounce from this area is anticipated, signaling potential upward momentum.
However, if the price breaks down below the 200MA, we may see a further downward move, where the Ichimoku Cloud is positioned to act as additional support just above the pattern.
A break below both the 200MA could confirm a bearish trend, while maintaining support at these levels would indicate continued bullish strength.
