#BTC/USDT suggests that Bitcoin has faced rejection from a horizontal resistance level in its price movement. This implies that there was a significant barrier for the price to cross, leading to a temporary halt or reversal in its upward trend.

The analysis further suggests that Bitcoin may now retest the horizontal support level of an ascending triangle pattern. An ascending triangle is a bullish chart pattern characterized by a horizontal resistance level and an upward sloping trendline as support. A retest of the support level would mean that the price is revisiting the lower boundary of the triangle, which historically has shown demand and buying interest from traders.

For the bullish momentum to regain strength, Bitcoin needs to experience a solid breakout above the horizontal resistance level that previously caused rejection. A breakout occurs when the price convincingly moves above the resistance level, indicating a potential shift in market sentiment and a higher likelihood of continued bullish movement.

If a solid breakout does occur, it would serve as confirmation for the bullish scenario, suggesting that the previous resistance has been overcome, and buyers are taking control. This would provide traders and investors with a stronger level of confidence to enter or continue holding long positions in Bitcoin.

It is important to note that technical analysis is based on historical price patterns and indicators and does not guarantee future outcomes. Traders should consider other factors such as market sentiment, fundamental analysis, and risk management when making trading decisions.