Bitcoin is consolidating within a descending triangle pattern and is currently rebounding from the horizontal demand zone.
A breakout above the 50MA could signal upward movement within the pattern, while a breakdown below the demand zone could trigger a significant market correction.
It's essential to monitor the price action closely for confirmation of the next move.
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SarkiSultan
· 01-10 05:58
alright that's good observation. we shall do just that
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a descending triangle pattern and is currently rebounding from the horizontal demand zone.
A breakout above the 50MA could signal upward movement within the pattern, while a breakdown below the demand zone could trigger a significant market correction.
It's essential to monitor the price action closely for confirmation of the next move.