Bitcoin is currently facing rejection from the resistance trendline of the descending triangle pattern. The Ichimoku Cloud is reinforcing resistance above the price action, indicating bearish pressure.
A decisive breakout or breakdown is needed to confirm the next directional move. Monitor upcoming price action closely for confirmation.#BTC
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#BTC/USDT ANALYSIS
Bitcoin is currently facing rejection from the resistance trendline of the descending triangle pattern. The Ichimoku Cloud is reinforcing resistance above the price action, indicating bearish pressure.
A decisive breakout or breakdown is needed to confirm the next directional move. Monitor upcoming price action closely for confirmation.#BTC