Hello, welcome to this BTC /USDT chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- BTC effectively breakdown the ascending triangle following the downward move. As of now, it is holding over the marked low of $16,559.
If bulls won't show strength here, then the downward move will continue toward the horizontal support or the lower marked strong low support.
For the bullish confirmation, bulls need to break out the horizontal resistance around $16,940 with a retest above it to confirm a decent bullish rally in the market.
This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section.