#BTC/USDT ANALYSIS

Bitcoin is currently encountering resistance at the horizontal main supply zone while retesting the breakout point of the broadening wedge pattern.

A successful retest and breakout above this key supply zone could confirm a bullish trend. Supporting the price action, the 21MA and 50MA are acting as strong support levels.

However, if the retest fails, further price movement within the pattern is likely.

#TOTAL MARKET CAP ANALYSIS

The total cryptocurrency market cap has broken out of the descending broadening wedge pattern and successfully completed a retest, confirming the breakout.

It is currently gaining momentum above the pattern, with the Ichimoku Cloud providing strong support and indicating bullish strength. This setup suggests the potential for a significant bullish rally in the cryptocurrency market.

#BTC/USDT ANALYSIS

Bitcoin is currently facing resistance at the horizontal main supply zone while retesting the breakout point of the broadening wedge pattern.

A successful retest and breakout above this critical supply zone could confirm a bullish trend. Supporting the price action, the Ichimoku Cloud is providing strong support.

However, if the retest fails, further price movement within the pattern is expected.

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