Bitcoin is consolidating within a descending triangle pattern and is currently trading above the horizontal demand zone.
The 21 (MM21) moving average acts as a resistance barrier above the price action, while the 50 (MM50) moving average provides support below. A decisive breakout or breakdown is needed to confirm the next directional move.
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#BTCUSDT 1D
Bitcoin is consolidating within a descending triangle pattern and is currently trading above the horizontal demand zone.
The 21 (MM21) moving average acts as a resistance barrier above the price action, while the 50 (MM50) moving average provides support below. A decisive breakout or breakdown is needed to confirm the next directional move.