#BTC has broken out of the ascending triangle pattern with significant volume and is now moving in for a retest of the breakout level.
The 21MA is acting as support, while the Ichimoku Cloud continues to show bullish strength beneath the price.
A successful retest would confirm the breakout and could trigger another strong bullish rally in the market.
#BTC has broken above the horizontal supply zone with strong volume, turning that level into support. The Ichimoku Cloud is also acting as support, reinforcing the bullish structure.
However, the 200MA remains a key resistance barrier above the current price. A strong breakout above the 200MA with solid volume would confirm another bullish rally in the market.
#BTC has broken out of the descending broadening wedge pattern and is currently undergoing a retest of the breakout level. The 100MA is acting as a support, indicating underlying strength.
A successful retest would confirm the breakout and could trigger a bullish rally in the market.
However, if the retest fails, price may fall back inside the wedge, signaling a potential false breakout.
#BTC is trading below the resistance trendline of a descending broadening wedge pattern, with the Ichimoku Cloud acting as a resistance barrier above the price.
A strong breakout above both the wedge and the resistance trendline would confirm a bullish rally in the market.
However, rejection from this level remains possible, which could lead to further downside.
#BTC is facing rejection from the horizontal supply zone of an ascending triangle pattern, with the 200MA acting as a strong resistance barrier.
This confluence indicates potential for further downside in the short term.
However, a decisive candle close above the supply zone would invalidate the bearish outlook and could trigger another bullish rally in the market.
🇰🇷 Korea accounts for 30% of global crypto trading volume, with altcoins representing 85% of this activity, Bitcoin just 9%, and Ethereum 6%.
Japanese Yen-denominated trading maintains stable $2B-$3B in monthly volumes, a fraction of Korea's $26B weekly average. Yet its market depth on #BTC is 3x-5x deeper. link