The battle between bulls and bears is on the line, will BTC break free from its constraints?
Bitcoin is rolling in a critical area of contention.
Currently rebounding from the lower trendline of a descending wedge, short-term bulls are attempting to take action, but the Ichimoku cloud above is pressing down, becoming the first "iron gate" on the road to bullishness.
Once there is a volume breakout through the cloud and trendline, it signifies that a major upward movement may start early;
but if it gets pushed back below the cloud again, the price will continue to oscillate within the wedge structure until bulls and bears confront each other once more.
Here, is the battleground for bulls and bears.
The next few candlesticks will be the watershed for direction.
What do you think, will Bitcoin break through or retreat this time? Share your judgment in the comments.
