$BTC is currently displaying a falling wedge pattern on the 1D time frame, with the price holding above its support trendline.
The Relative Strength Index (RSI) is in the oversold region and showing signs of bullish divergence. 🚀
If the price bounces from the current level and breaks out of the falling wedge and the Ichimoku cloud, it would serve as confirmation of a bullish trend. 👊
However, if there is a significant breakdown of the falling wedge, further correction is likely to occur.
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