ANALYSIS $BTC /USDT

Bitcoin is currently in a consolidation phase within a symmetrical triangle pattern and is trading below the 50-day moving average (50MA), which is acting as a resistance level.

From here, we can expect two possibilities: one is that the price will recover from the support trend line, or two is that the price will break above both the 50MA and the pattern, which will provide a confirmation signal for an uptrend.

Keep an eye on the upcoming price action for a clearer direction.

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