#ReboundRally #BTCAnalysis 📈

Bitcoin is recovering after reaching a major support level at 92,000$ after breaking down below the rising wedge pattern and confirming the downside.

The ichimoku cloud area is now acting as a resistance barrier to the price rise while the 200 days MA indicator is acting as support for the current price action.

We need to hold the current levels until we see more upside movements. A breakdown below the support would lead to a correction. 👍