$BTC /USDT ANALYSIS

Bitcoin is consolidating within a descending broadening wedge pattern. Currently, it is testing the Ichimoku Cloud, which is acting as a support, while the 50-day and 100-day moving averages both are serving as resistance barriers.

A successful hold above the Ichimoku Cloud could signal a bullish trend, whereas a breakdown below the Ichimoku Cloud may indicate a bearish trend.

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