#BTC/USDT ANALYSIS
Bitcoin is currently facing rejection from the upper resistance line of a broadening wedge pattern, indicating short-term selling pressure.
However, the price is approaching a key support zone near $118,000–$117,000, where both the 21MA and 50MA are providing strong confluence.
If the price holds this area, a rebound toward the upper boundary is likely. A decisive breakout above $125,000 would confirm bullish continuation and signal renewed upward momentum
