#BTC Analysis 📈

After the price collapsed below the rising wedge pattern and confirmed the downtrend, the currency rebounded from the support of the 200-day MA indicator and now the price is stable above the 100-day MA indicator, which acts as support for the current price movement.

While the ichimoku cloud area acts as resistance above the current price movement.

If Bitcoin can maintain the current price area, we may see a reversal in the trend and upward movements.

As for the collapse below the support of the 100-day MA indicator, it will lead to further downward movements.

⚠️ Note: With the rise of Bitcoin, the acquisition will increase and the alternative currencies will not move with the same strength. We may see a strong recovery and rise of the alternative currencies with Bitcoin achieving a new peak and then a correction in the acquisition ⚠️