#BTC/USDT ANALYSIS
Bitcoin 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.
BTC
78,220.75
-1.12%
ETH
2,183.67
-1.82%
BNB
656.8
-2.32%