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#BTC/USDT ANALYSIS
Bitcoin is rebounding from the horizontal demand zone of the descending triangle pattern, with the 100MA acting as strong support and signaling bullish strength.
However, it is currently facing resistance from the 50MA, which is capping the price action from above.
A breakout above both the 50MA and the descending triangle would confirm a bullish trend. Until then, further consolidation within the pattern remains possible.
Bitcoin is rebounding from the horizontal demand zone of the descending triangle pattern, with the 100MA acting as strong support and signaling bullish strength.
However, it is currently facing resistance from the 50MA, which is capping the price action from above.
A breakout above both the 50MA and the descending triangle would confirm a bullish trend. Until then, further consolidation within the pattern remains possible.
$BMGL trying to form a nice green day after its big move the past 2 days going from $1's to $11's. $5 key level now for more follow through in the afternoon.
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NEW: 🟠 $11.5 trillion BlackRock's Jay Jacobs says Bitcoin resonates with people looking for “global monetary alternatives amidst more uncertainty.”
The new marketing team is here 🙌
The new marketing team is here 🙌
#BTC/USDT ANALYSIS
Bitcoin is currently trading within a symmetrical triangle pattern and facing rejection from the resistance trendline. The 50MA is providing support just below the current price level. A breakout or breakdown from the pattern is needed to confirm the next directional move. Keep a close watch on the price action.
Bitcoin is currently trading within a symmetrical triangle pattern and facing rejection from the resistance trendline. The 50MA is providing support just below the current price level. A breakout or breakdown from the pattern is needed to confirm the next directional move. Keep a close watch on the price action.
#TRB/USDT ANALYSIS
TRB is consolidating within a descending channel pattern and is currently rebounding strongly from the channel’s support trendline.
The Ichimoku Cloud is acting as a resistance barrier above the price. A decisive breakout from the pattern, followed by a successful retest, could trigger a strong bullish rally. Keep it on your radar.
TRB is consolidating within a descending channel pattern and is currently rebounding strongly from the channel’s support trendline.
The Ichimoku Cloud is acting as a resistance barrier above the price. A decisive breakout from the pattern, followed by a successful retest, could trigger a strong bullish rally. Keep it on your radar.