#BTC/USDT ANALYSIS
Bitcoin is currently trading within a descending triangle pattern. It is rebounding from the horizontal support zone of the triangle, with the 100-day moving average acting as resistance.
A breakdown below the support zone would indicate a bearish trend, while a breakout above the triangle would suggest a bullish trend in the crypto market. Stay tuned for further updates.
Bitcoin is currently trading within a descending triangle pattern. It is rebounding from the horizontal support zone of the triangle, with the 100-day moving average acting as resistance.
A breakdown below the support zone would indicate a bearish trend, while a breakout above the triangle would suggest a bullish trend in the crypto market. Stay tuned for further updates.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.