#BTC/USDT ANALYSIS

Bitcoin is currently facing rejection at the horizontal supply zone, suggesting a potential downward movement. However, the Ichimoku Cloud is acting as strong support, reflecting underlying bullish strength.

A successful breakout above the horizontal supply zone is needed to confirm the continuation of a bullish rally in the market. Until then, patience is required to observe the next decisive move.$BTC #UptoberBTC70K? #TeslaTransferBTC #Mr_UK_031