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$BTC /USDT ANALYSIS
Bitcoin is currently consolidating within a symmetrical triangle pattern.
The price is facing rejection from the resistance trendline while trading above the Ichimoku Cloud, which is acting as support.
A breakdown below the cloud could trigger further downside movement.
On the other hand, a strong breakout above the triangle resistance would provide a bullish confirmation.
#Btc #GateDerivativesHitsNewHighInFebruary #BitcoinSupportAndResistanceAnalysis