Bitcoin recently swept the liquidity below the support trendline of its ascending broadening wedge pattern. It is now gaining momentum, rebounding from the wedge's support level.
The 200MA is providing a strong support base, while the Ichimoku Cloud serves as a resistance barrier above the price action.
A decisive breakout above the cloud could signal further upward movement within the pattern. Stay vigilant for these critical developments.
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#BTC/USDT ANALYSIS
Bitcoin recently swept the liquidity below the support trendline of its ascending broadening wedge pattern. It is now gaining momentum, rebounding from the wedge's support level.
The 200MA is providing a strong support base, while the Ichimoku Cloud serves as a resistance barrier above the price action.
A decisive breakout above the cloud could signal further upward movement within the pattern. Stay vigilant for these critical developments.