$BTC is consolidating within the descending broadening wedge pattern and is currently trading below the 50MA, which is acting as a key resistance barrier.
A solid breakout above both the 50MA and the wedge resistance trendline could provide strong bullish confirmation and trigger further upside.
On the other hand, rejection from these resistance levels could lead to further downside. Keep a close eye on upcoming price action.
A solid breakout above both the 50MA and the wedge resistance trendline could provide strong bullish confirmation and trigger further upside.
On the other hand, rejection from these resistance levels could lead to further downside. Keep a close eye on upcoming price action.