#BTC Analysis 📈
On the 2-day timeframe, Bitcoin is trading in a widening bearish wedge pattern.
The price is now trading directly below the resistance trend line of the resistance supported by the ichimoku cloud. We may see a move towards testing the resistance trend line at $69,000, which is a stubborn area and difficult resistance.
In the event of a breakout with high trading volume, we will see strong upward momentum and perhaps a new peak.
In the event of a failure to break and rebound, we may see a correction until the bottom of $49,000 is broken, but this is unlikely now. 👍
