#bitcoin is currently consolidating within a falling wedge pattern and trading below both the MA 100 and the Ichimoku cloud. However, it is holding above the MA 200, which provides some #support .
The falling wedge pattern is typically considered a strong #bullish signal. There are two potential scenarios to consider: a bounce from the current level or another test of the falling wedge before a potential breakout.
For a more robust confirmation of a bullish direction, a solid breakout from the falling wedge is needed. This would indicate a stronger upward movement for BTC.
