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$BTC Bitcoin is currently trading within a rising wedge pattern and is facing resistance at the upper trendline of the wedge. If the price breaks above this resistance, the pattern will be invalidated, potentially leading to a new peak for BTC.
> However, if Bitcoin breaks below the support trendline, where the 21MA and 50MA are providing support. Such a breakdown would likely result in a market correction.
$BTC Bitcoin has broken out of the ascending triangle pattern with strong volume, reaching a new all-time high. Both the 21-day and 50-day moving averages are providing support, while the Ichimoku Cloud indicates a bullish momentum.
> Given these factors, a retest above the pattern or continued upward movement appears likely.
$BTC Bitcoin is attempting to break above the horizontal supply zone of an ascending triangle pattern, with both the 21MA and 50MA indicating bullish momentum.
> A decisive breakout from the pattern, followed by a successful retest, could confirm the start of a bullish rally in the market.
$BTC Bitcoin is attempting to break above the horizontal supply zone of an ascending triangle pattern, with both the 21MA and 50MA indicating bullish momentum.
> A decisive breakout from the pattern, followed by a successful retest, could confirm the start of a bullish rally in the market.
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$BTC Bitcoin is currently trading within a descending triangle pattern and rebounding from its horizontal demand zone.
> The 100MA is providing support, indicating upward momentum. A decisive breakout above the triangle or a breakdown below it is needed to confirm the next significant move.