#BTC/USDT ANALYSIS

Bitcoin is currently facing resistance at the horizontal main supply zone while retesting the breakout point of the broadening wedge pattern.

A successful retest and breakout above this critical supply zone could confirm a bullish trend. Supporting the price action, the Ichimoku Cloud is providing strong support.

However, if the retest fails, further price movement within the pattern is expected.

BTC
BTCUSDT
77,791.5
-1.22%
ETH
ETHUSDT
2,326.55
-3.07%
BNB
BNBUSDT
636.24
-2.07%