Bitcoin has recently broken out of its descending triangle pattern following a period of consolidation. It is currently encountering resistance at the 200MA, which is acting as a key barrier. Meanwhile, the 100MA is providing support just above the triangle.
A successful retest above the triangle would confirm a potential upward movement. Keep a close watch on these developments for further confirmation.
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#Will SUI enter the Top 10 list in the bull run?
#BTC/USDT ANALYSIS
Bitcoin has recently broken out of its descending triangle pattern following a period of consolidation. It is currently encountering resistance at the 200MA, which is acting as a key barrier. Meanwhile, the 100MA is providing support just above the triangle.
A successful retest above the triangle would confirm a potential upward movement. Keep a close watch on these developments for further confirmation.