#BTC/USDT ANALYSIS

Bitcoin has broken out of the descending broadening wedge pattern and is currently undergoing a retest of the breakout level. The 100MA is acting as a support, indicating underlying strength.

A successful retest would confirm the breakout and could trigger a bullish rally in the market.

However, if the retest fails, price may fall back inside the wedge, signaling a potential false breakout.
$BTC

BTC
BTCUSDT
79,549.8
-1.92%