Bitcoin Faces Critical Support as Wedge Pattern Plays Out

After encountering resistance at the upper trendline of a rising wedge pattern, Bitcoin (BTC/USDT) has faced a notable rejection. Currently hovering around the crucial trendline support near $67,600, traders are closely watching for signs of a potential rebound or further decline.

The rising wedge typically signals a weakening bullish momentum, and the recent price action suggests a moment of uncertainty. If Bitcoin can hold above this support level, we might see a renewed attempt to break out of the wedge. Conversely, a break below could lead to increased selling pressure.

As the market watches closely, it’s essential to keep an eye on key indicators and volume trends to gauge the next potential move for BTC. Will the bulls regain control, or are we headed for a deeper correction? Stay tuned for updates!#BTCSoarsTo68K #USRetailSalesBoost #BinanceLabsInvestsLombard #MemeCoinTrending #Write2Earn!