๐ฅ๐ฅ ๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐๐ข๐ฅ๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐ฅ๐ฅ
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Bitcoin is currently consolidating within a descending broadening wedge pattern, a technical structure that often precedes significant price movement. The 100-day moving average is acting as a crucial resistance barrier, rejecting BTC's attempts to break higher.
> Market sentiment remains cautious as traders await a clear breakout or breakdown from this pattern to confirm the next directional move. Volume has been relatively low, indicating indecision among participants.
> A confirmed breakout above the 100MA could signal a bullish reversal, while a breakdown might lead to further downside.
๐ผ Data Credit - The Crypto Express
๐ ๐ด๐ฒ๐ท๐ฐ๐ฝ๐ณ๐ ๐ธ๐ฟ๐ 123
