Bitcoin has broken out of the descending channel pattern with good volume. The Ichimoku Cloud is acting as support below the current price, while the 50MA and 100MA both indicate bullish strength.
A successful retest above the pattern will confirm further upside momentum. Keep a close watch on it.
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#BTC/USDT ANALYSIS
Bitcoin has broken out of the descending channel pattern with good volume. The Ichimoku Cloud is acting as support below the current price, while the 50MA and 100MA both indicate bullish strength.
A successful retest above the pattern will confirm further upside momentum. Keep a close watch on it.