Bitcoin is rebounding from the horizontal demand zone of the descending triangle pattern and is currently attempting to break the resistance trendline.
The Ichimoku Cloud is acting as a resistance barrier above the current price action.
A solid breakout of both the pattern and the cloud would signal a bullish trend. Otherwise, rejection from this level could lead to a pullback.$BTC
The Bank of Japan raised its benchmark interest rate to the highest level in 30 years. BOJ Governor Kazuo Ueda said the policy board unanimously decided to increase the rate by 0.25 percentage points to 0.75%.