Bitcoin is showing strength as it rebounds from the support trendline of an ascending triangle pattern. Price is now approaching the Ichimoku Cloud and a key supply zone.
A clean breakout above these levels would confirm bullish continuation and open the door for further upside. However, failure to hold the pattern structure could result in a broader market correction.
📊 Market structure and reaction at key levels remain critical.
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Bitcoin successfully broke out of the ascending triangle with notable volume and is now retesting the breakout level. The Ichimoku Cloud is acting as support, signaling underlying strength.
A successful retest may spark a bullish continuation, while losing this level could pull the price back into the pattern.