#BTC/USDT ANALYSIS
Bitcoin is rebounding from the horizontal demand zone, where the 200 MA is providing support. Currently, the Ichimoku cloud is acting as resistance, indicating bearish momentum.
A breakout above the Ichimoku cloud barrier could lead to further upward movement, while a breakdown below the horizontal demand zone and 200 MA would signal a bearish trend.
Bitcoin is rebounding from the horizontal demand zone, where the 200 MA is providing support. Currently, the Ichimoku cloud is acting as resistance, indicating bearish momentum.
A breakout above the Ichimoku cloud barrier could lead to further upward movement, while a breakdown below the horizontal demand zone and 200 MA would signal a bearish trend.