#BTC/USDT ANALYSIS
Bitcoin is currently consolidating within a descending broadening wedge pattern, facing rejection at both the 50MA and the Ichimoku Cloud, which are acting as strong resistance barriers. This suggests a potential downward movement in the near term.
However, if Bitcoin successfully breaks above the 50MA and the Ichimoku Cloud, it could signal a bullish reversal, with a breakout of the wedge pattern likely leading to a sustained upward trend.$BTC