📊#BTCUSDT6H: Rising Wedge Pattern on the Radar

Bitcoin is facing resistance at the upper trendline of the rising wedge pattern, indicating potential selling pressure.

📉 Technical Updates:

Currently breaking below the 21MA, which was immediate support.

The 50MA is aligned with the lower trendline of the wedge, providing secondary support.

📌 Next Steps:

A decisive breakout, either above or below the wedge, will be needed to determine the direction of the next major move.

💡 What could this mean?

A breakout above could indicate continued bullishness in Bitcoin's price.

A breakout below could trigger more selling pressure, leading to a possible pullback.

🔮 Keep an eye on key levels and volumes to track how this pattern unfolds.

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