Bitcoin has reached a new all-time high but is currently facing rejection from the horizontal supply zone of the ascending triangle pattern. The Ichimoku Cloud is acting as support, indicating underlying bullish strength.
A weekly candle close above the pattern would signal potential for further upward movement, while failure to break through may lead to a short-term pullback within the pattern.
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#BTC/USDT ANALYSIS
Bitcoin has reached a new all-time high but is currently facing rejection from the horizontal supply zone of the ascending triangle pattern. The Ichimoku Cloud is acting as support, indicating underlying bullish strength.
A weekly candle close above the pattern would signal potential for further upward movement, while failure to break through may lead to a short-term pullback within the pattern.