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Bitcoin is currently trading within a descending broadening wedge pattern, with price action moving just below the resistance trendline of the wedge. The Ichimoku Cloud is providing critical support beneath the price, indicating a potential buildup for the next move.
> A solid breakout above the wedge's resistance could signal a new peak for Bitcoin, especially if the breakout is accompanied by strong volume and momentum.
> This breakout would mark a bullish shift, with the Ichimoku Cloud serving as a foundational support level to confirm a sustained rally toward higher levels.
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