#BTC/USDT UPDATE

Bitcoin is currently rebounding from the support trendline of a rising wedge pattern, a formation often signaling potential reversals. However, it faces resistance at the previous high, a critical level where selling pressure may intensify.

Despite this, the Ichimoku Cloud indicator shows bullish strength, suggesting a prevailing upward trend.

The market is now at a crucial juncture, and traders should watch for a decisive breakout above the resistance or a breakdown below the support to determine the next directional move.