#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.

BTCUSDT

Perp

91,943.2

-0.80%

ETHUSDT

Perp

3,322.73

+0.05%

BNBUSDT

Perp

894.67

-0.56%