#BTC ANALYSIS
Bitcoin is consolidating within the descending broadening wedge pattern and is currently rebounding from the horizontal demand zone.
The Ichimoku cloud is acting as a key resistance barrier above the current price action.
A solid breakout above both the Ichimoku cloud and the wedge resistance could provide strong bullish confirmation and trigger a further upward rally.
Bitcoin is consolidating within the descending broadening wedge pattern and is currently rebounding from the horizontal demand zone.
The Ichimoku cloud is acting as a key resistance barrier above the current price action.
A solid breakout above both the Ichimoku cloud and the wedge resistance could provide strong bullish confirmation and trigger a further upward rally.