#BTC/USDT ANALYSIS

Bitcoin is consolidating within an ascending broadening wedge pattern and is currently trading just above the support trendline. Both the 50-day moving average and the Ichimoku Cloud are acting as resistance barriers above the current price action.

A breakdown below the wedge would likely trigger a market correction, while a breakout above the 50MA and the Ichimoku Cloud could signal a continuation of upward momentum. Monitor price action closely for confirmation of the next move.$BTC