#BTC/USDT ANALYSIS

After a successful rebound from the support trendline of the descending broadening wedge, Bitcoin is currently trading within the key trendline.

The 100-day moving average and the Ichimoku cloud both act as resistance barriers above the price action.

If Bitcoin breaks the 100MA resistance barrier and holds above this key level, we can expect an upward movement.

However, if the daily candle closes below the key level, we might see a correction in the market.