#BTC/USDT ANALYSIS



Bitcoin has faced rejection at the resistance trendline and is currently trading above the horizontal demand zone. The Ichimoku Cloud is acting as a resistance barrier above the price action.

If Bitcoin holds above the demand zone, we can anticipate a potential bounce. However, a breakdown below this level could lead to further market correction.
BTC-4,19%
CLOUD-8,57%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin