$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.
#trading
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.
#trading
