$BTC /USDT ANALYSIS
Bitcoin is rebounding from the support trendline of the descending broadening wedge pattern. Currently, it is trading below the 21MA which is acting as a resistance barrier.
A solid breakout of the 21MA will provide further upward rally. Here, we can also see a formation of double bottom pattern. Keep a close eye on these key levels for confirmation.
$BTC #USOctoberNFP-AreRateCutsStillPossible
#USMidtermsAhead-WhereWillMarketGo
Bitcoin is rebounding from the support trendline of the descending broadening wedge pattern. Currently, it is trading below the 21MA which is acting as a resistance barrier.
A solid breakout of the 21MA will provide further upward rally. Here, we can also see a formation of double bottom pattern. Keep a close eye on these key levels for confirmation.
$BTC #USOctoberNFP-AreRateCutsStillPossible
#USMidtermsAhead-WhereWillMarketGo
