#BTC/USDT ANALYSIS
Bitcoin has broken down from the rising wedge pattern, indicating a potential shift toward bearish momentum. Currently, it is holding above the 100MA, which is acting as a key support level.
A confirmed breakdown below the 100MA would likely trigger further downside movement.
However, if the support holds, a rebound from this level is possible. Keep a close watch on upcoming price action for confirmation.
Bitcoin has broken down from the rising wedge pattern, indicating a potential shift toward bearish momentum. Currently, it is holding above the 100MA, which is acting as a key support level.
A confirmed breakdown below the 100MA would likely trigger further downside movement.
However, if the support holds, a rebound from this level is possible. Keep a close watch on upcoming price action for confirmation.
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