# BTC/USDT

‍#BTC/USDT ANALYSIS
Bitcoin has moved above the ascending triangle pattern with notable trading volume and is currently revisiting the breakout area. The Ichimoku Cloud indicates supportive conditions beneath the structure. If this retest holds, it may open the door for a potential bullish move.

💎#BTC/USDT 1h Chart ANALYSIS
#BTC has broken out of the symmetrical triangle and is currently retesting above it. The Ichimoku cloud indicates a bullish trend. An upward move is expected as long as BTC trades above the Ichimoku cloud. However, if it breaks down through the Ichimoku cloud, that would be a short-term sign of a correction.
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#BTC/USDT ANALYSIS
BTC has been rejected from the MA 200 after reclaiming horizontal support. Currently, it is attempting to maintain a position above this support level. The RSI indicates oversold conditions.
A bullish confirmation would occur with a break above the MA 200, whereas a sustained breakdown below the horizontal support would signal bearishness.
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#BTC/USDT
After a breakdown and successful retest of a rising wedge, $BTC broke down from the 100-period moving average and the Ichimoku cloud🧐
Currently price holding above horizontal support zone🔺
A bounce or breakdown from the current level is expected📝
A solid breakdown of the horizontal support would confirm further downward movement towards the 200-period moving average📉
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You all must be wondering why I didn't send signals today. So the reason is...
#BTC/USDT ANALYSIS
#BTC is moving in a symmetrical triangle. Currently, it is bouncing from its trendline support. We've to wait for a solid breakout or breakdown of the triangle for the direction confirmation, until that further movement is expected inside the triangle.
I want to send signal but anything can happen.
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#BTC/USDT ANALYSIS
#BTC is approaching horizontal and trendline support, with a breakdown of the Ichimoku cloud and the MA 200. A significant volume bounce and breakout above the Ichimoku cloud would confirm bullish sentiment, while a sustained breakdown below the horizontal support would signal bearish momentum.
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💎#BTC/USDT 8h Chart ANALYSIS ANALYSIS
#BTC is currently trading at the horizontal resistance level. Both the 200-day moving average (MA 200) and the Ichimoku cloud indicate a bullish trend. A candle close or a successful retest above the horizontal resistance would confirm this bullish outlook. We can anticipate a bullish move as long as BTC trades above the MA 200.
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#BTC/USDT 1w Chart ANALYSIS
#BTC pumped following a strong bullish weekly candle close. Currently, it is encountering resistance at its all-time high. A decisive breakout above this all-time high zone would confirm a bullish trend. However, if it gets rejected, it will likely retest the horizontal support.
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