Technical analysis by cagdaswoo about Symbol BTC: Buy recommendation (1/11/2025)

#Bitcoin is consolidating inside a “Descending Triangle Formation” and is trading just above the critical horizontal demand zone. The Ichimoku Cloud is signaling bearish momentum, while the 21-day moving average (21MA) and 50-day moving average (50MA) are acting as resistance on the price. A decisive bullish breakout or pullback is needed to confirm the next move, which could determine the next trend of #BTC. IMPORTANT: Analysis is definitely not investment advice. I recommend that you definitely research the projects you will buy and act according to your own risk strategy. “It’s your money, it’s your decision”