Bitcoin has successfully broken above the horizontal supply zone with significant volume. It is now undergoing a retest, with the Ichimoku Cloud providing strong support.
A successful retest is likely to confirm further upward movement within the ascending broadening wedge pattern.
#Bitcoin is trading within a symmetrical triangle pattern, currently facing rejection at the resistance trendline. Meanwhile, the Ichimoku Cloud is providing strong support below the price action.
A clear breakout above the resistance or breakdown below the support is needed to confirm the next major move.