#BTC/USDT ANALYSIS
Bitcoin is currently trading below the horizontal resistance after its breakout from the descending triangle pattern, with the 200MA serving as a resistance barrier.
A decisive breakout above both the 200MA and the horizontal supply zone could signal the start of a bullish rally, potentially driving significant upward momentum in the market.
However, caution remains as the price could still undergo a retest above the triangle's resistance to confirm the breakout before further upward movement is established.
This retest would solidify the potential for a sustained bullish trend, adding confirmation to the price action.
