#BTC/USDT ANALYSIS
Bitcoin continues to trade beneath the key horizontal supply zone, with the 200-day moving average and the Ichimoku cloud both holding firm as major resistance levels.
A rejection at these levels may open the door for additional downward movement.
Conversely, a sustained breakout above the 200MA could confirm bullish momentum and spark a push higher.
𝐏𝐈𝐂𝐎 𝐈𝐈 ™
Bitcoin continues to trade beneath the key horizontal supply zone, with the 200-day moving average and the Ichimoku cloud both holding firm as major resistance levels.
A rejection at these levels may open the door for additional downward movement.
Conversely, a sustained breakout above the 200MA could confirm bullish momentum and spark a push higher.
𝐏𝐈𝐂𝐎 𝐈𝐈 ™