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#BTC/USDT ANALYSIS
Bitcoin is facing rejection from the previous high and the resistance trendline of the rising wedge pattern.
The 21MA is acting as a resistance barrier, while the Ichimoku cloud is providing strong support below the current price action.
A breakout above the wedge resistance would invalidate the formation, while a breakdown below the wedge support could trigger further downside.
Bitcoin is facing rejection from the previous high and the resistance trendline of the rising wedge pattern.
The 21MA is acting as a resistance barrier, while the Ichimoku cloud is providing strong support below the current price action.
A breakout above the wedge resistance would invalidate the formation, while a breakdown below the wedge support could trigger further downside.
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