ANALYSIS #BTC /USDT

Bitcoin is consolidating within an ascending expanding wedge and is currently trading just above the trend support line. Both the 50-day moving average and the Ichimoku Cloud act as resistance barriers above the current price action.

A breakout below the wedge is likely to trigger a market correction, while a breakout above the 50MA and the Ichimoku Cloud may signal a continuation of the upward momentum. Keep a close eye on the price action for confirmation of the next move.