✅#BTC/USDT ANALYSIS
Bitcoin has recently broken out of the descending broadening wedge pattern with significant volume, signaling a potential shift in market sentiment towards a bullish trend.
The 50-day moving average (50MA) is currently acting as a strong support level, further indicating bullish momentum.
However, for this upward movement to be confirmed, we need to wait for a successful retest of the breakout level. A successful retest, where the price revisits and holds above the breakout level or the 50MA support, would provide the necessary confirmation that the new support level is solid and that the bullish momentum is likely to continue.
