Bitcoin has broken down the ascending trendline (dashed line) and is currently trading within the Ichimoku cloud zone. We can expect a downward movement and further consolidation inside the ascending triangle. However, if it breaks above the triangle's horizontal resistance zone, we could see significant gains in the crypto market.
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#Is BTC at the dip around $66K - $67K price range?
#BTC/USDT ANALYSIS
Bitcoin has broken down the ascending trendline (dashed line) and is currently trading within the Ichimoku cloud zone. We can expect a downward movement and further consolidation inside the ascending triangle. However, if it breaks above the triangle's horizontal resistance zone, we could see significant gains in the crypto market.