📈 BTC/USDT Technical Analysis
$BTC Bitcoin price is within a narrowing price range, which was formed after an unsuccessful test of the largest resistance block at 100,000 and a correction to the 0.23 Fibonacci level with subsequent trading. Thus, a figure was formed - a narrowing wedge, the exit from which can indicate the direction of further movement of the BTC price. If, with the support of fundamental factors, buyers manage to break through the psychological resistance level of 100,000, we can expect a good upward impulse to the next blocks of 110,000 - 120,000 and a test of the global trend resistance line.
Otherwise, if sellers can push through the support block of 90,000 and consolidate under the EMA 200 line, we will expect a corrective movement to the range of 0.5 - 0.61 Fibonacci levels. There are Imbalance zones where it is necessary to close the gaps in horizontal levels of trading volumes with trades.