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#BTC/USDT ANALYSIS

BTC is trading in a descending triangle in between the marked rectangular channel. A successful breakout of the descending triangle will target the horizontal resistance around $20,500 which is the main level for bulls to break for the confirmation of a bullish trend in the market.

If BTC breakdown the descending triangle then it will target the horizontal support of $18,500, which is the key level for bears to break below it with a retest for the confirmation of a downward move.

The weekly candle closed as an indecisive candlestick. Other financial markets will open today and a new Monday range will form that will also clear further price movement.

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