🤓ANALYSIS BTC/USDT
Bitcoin continues to trade within the descending triangle, currently holding above a key horizontal demand zone.
✊The 200-day moving average is acting as resistance just above the triangle.
A breakout from this pattern could signal a bullish trend reversal.
However, if the price breaks below the demand zone and confirms the breakdown with a retest, it may lead to further downside in the market.
➡️ @Bitcoin_Insights
Bitcoin continues to trade within the descending triangle, currently holding above a key horizontal demand zone.
✊The 200-day moving average is acting as resistance just above the triangle.
A breakout from this pattern could signal a bullish trend reversal.
However, if the price breaks below the demand zone and confirms the breakdown with a retest, it may lead to further downside in the market.
➡️ @Bitcoin_Insights