🔥🔥 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐃𝐚𝐢𝐥𝐲 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 🔥🔥
-
Bitcoin is currently consolidating within a descending broadening wedge pattern, a technical structure that often precedes significant price movement. The 100-day moving average is acting as a crucial resistance barrier, rejecting BTC's attempts to break higher.
> Market sentiment remains cautious as traders await a clear breakout or breakdown from this pattern to confirm the next directional move. Volume has been relatively low, indicating indecision among participants.
> A confirmed breakout above the 100MA could signal a bullish reversal, while a breakdown might lead to further downside.
🔼 Data Credit - The Crypto Express
🅃🄴🄲🄷🄰🄽🄳🅃🄸🄿🅂123
