$BTC/USDT Analysis: Bitcoin is at a critical juncture, facing rejection from the key horizontal supply zone after breaking out of the falling wedge pattern.
The 50MA and 100MA are holding strong support beneath, keeping the bulls in control for now. But don’t get too comfortable — the supply zone is tough, and a rejection here could lead to a short-term correction.
If $BTC can break and close above this supply zone, we’ll be eyeing further upside potential. A clean break would likely trigger the next bullish leg.
Stay vigilant and monitor price action closely. The next few hours could define the next big move.