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#BTC/USDT ANALYSIS
Bitcoin is facing rejection at the horizontal resistance zone of the ascending triangle. It continues to trade within the triangle, rebounding from the support trendline. The Ichimoku Cloud indicates bullish momentum at this level, suggesting that the current support is strong.
A successful breakout above the triangle would serve as a bullish confirmation, potentially signaling the continuation of Bitcoin's upward trend. Conversely, a breakdown below the support trendline could lead to a further market correction.
Stay tuned for further updates as we monitor Bitcoin's price action and the potential for a breakout or breakdown.
