#BTC/USDT ANALYSIS
Bitcoin is consolidating within a falling wedge pattern and is currently rebounding from the support trendline. However, the 200MA is acting as a resistance barrier just above the wedge, making it a key level to watch.
A strong breakout above both the pattern and the 200MA could confirm a bullish trend and trigger upward momentum. Conversely, a breakdown below the wedge would invalidate the pattern and may lead to another drop in the market. Stay alert for decisive moves.