#BTC/USDT ANALYSIS
Bitcoin has broken out of its descending broadening wedge pattern with significant volume. Currently, it is trading above the Ichimoku cloud, indicating strong bullish momentum.
However, the 200-day moving average is acting as a resistance barrier. A breakout above the 200MA would signal further bullish momentum for BTC.
Bitcoin has broken out of its descending broadening wedge pattern with significant volume. Currently, it is trading above the Ichimoku cloud, indicating strong bullish momentum.
However, the 200-day moving average is acting as a resistance barrier. A breakout above the 200MA would signal further bullish momentum for BTC.