#BTC/USDT ANALYSIS

Bitcoin is currently facing resistance at the horizontal main supply zone while retesting the breakout point of the broadening wedge pattern.

A successful retest and breakout above this critical supply zone could confirm a bullish trend. Supporting the price action, the Ichimoku Cloud is providing strong support.

However, if the retest fails, further price movement within the pattern is expected.

BTCUSDT

Perp

80,385.5

+1.25%

ETHUSDT

Perp

2,254.47

+0.06%

BNBUSDT

Perp

684.38

+1.75%