Technical analysis by Meisam_TA about Symbol BTC: Buy recommendation (6/22/2024)

#BTC/USDT ANALYSISBitcoin is currently trading within the ascending triangle. The price hovers near a key upward trendline of the triangle indicating strong support. The Ichimoku Cloud, with a green cloud beneath the current price, offers additional support, aligning closely with the trendline.Bitcoin's current consolidation around the trendline and the cloud's edge suggests a crucial decision point, a breakout above this triangle would be a bullish signal, while a break below may lead to a deeper correction.> The Crypto Express:🖼 #BAKE/USDT ANALYSISBAKE is currently breaking a strong resistance trendline, supported by bullish momentum indicated by the 100-day moving average. A breakout above this trendline would confirm bullish sentiment.However, there's also the possibility of a retreat from this level. Keep a close watch for the next move.> The Crypto Express:🖼 #BTC DOMINANCE ANALYSISBTC.D recently broke down from a rising wedge pattern on the weekly timeframe, suggesting the possibility of further decline. It is currently retesting the wedge's lower boundary. If this retest is successful and BTC.D drops below the 21MA, a significant decline could follow, potentially triggering a strong bullish rally in the Altcoins market.> The Crypto Express:🖼 #BTC/USDT ANALYSISBitcoin is currently trading within an ascending triangle pattern. The price is fluctuating close to an important upward trendline, indicating strong support.Additionally, the 100-day moving average is acting as a significant barrier. Given these conditions, we can expect a bounce from the trendline of the pattern.However, if Bitcoin breaks below this trendline, it could trigger a further market correction. This would indicate a shift in momentum from bullish to bearish, potentially leading to lower price levels.