#BTC/USDT ANALYSIS
BTC is attempting to break out the main horizontal resistance on the weekly timeframe. The Ichimoku cloud and the MA 100 are also acting resistance on the major horizontal resistance. Currently, the price is holding above the ascending trendline support.
A solid breakout of the horizontal resistance would be a bull run confirmation, while a sustained breakdown of the ascending trendline would be a sign of correction in the market.
BTC is attempting to break out the main horizontal resistance on the weekly timeframe. The Ichimoku cloud and the MA 100 are also acting resistance on the major horizontal resistance. Currently, the price is holding above the ascending trendline support.
A solid breakout of the horizontal resistance would be a bull run confirmation, while a sustained breakdown of the ascending trendline would be a sign of correction in the market.
#BTC/USDT ANALYSIS
BTC is retesting above the falling wedge after being rejected from the horizontal resistance and the Ichimoku cloud. MA 21 is acting as support.
A successful retest and a breakout of the horizontal resistance would be the bullish confirmation, while a failed retest would be a sign of correction in the market.
BTC is retesting above the falling wedge after being rejected from the horizontal resistance and the Ichimoku cloud. MA 21 is acting as support.
A successful retest and a breakout of the horizontal resistance would be the bullish confirmation, while a failed retest would be a sign of correction in the market.