ANALYSIS #BTC /USDT

Bitcoin continues to trade below the horizontal supply zone after breaking out of the descending wedge. The 50MA and 100MA are currently acting as dynamic support levels above the wedge, reinforcing the bullish structure. A confirmed breakout above the supply zone could trigger further upward momentum.

However, until this breakout occurs, the possibility of a downward move remains on the table. It is crucial to closely monitor the upcoming price action to determine the next significant move.