Bitcoin is consolidating within a symmetrical triangle pattern on the daily chart. It is currently trading above the triangle's support trendline, with the Ichimoku Cloud acting as strong support, indicating an underlying bullish strength.
A decisive breakout above the triangle would confirm the continuation of the bullish trend, while a breakout below the support trendline could signal a corrective move in the market.
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Bitcoin is consolidating within a symmetrical triangle pattern on the daily chart. It is currently trading above the triangle's support trendline, with the Ichimoku Cloud acting as strong support, indicating an underlying bullish strength.
A decisive breakout above the triangle would confirm the continuation of the bullish trend, while a breakout below the support trendline could signal a corrective move in the market.