#BTC/USDT ANALYSIS Bitcoin is currently facing resistance from both the 100-day moving average#BTC/USDT ANALYSIS
Bitcoin is currently facing resistance from both the 100-day moving average and the Ichimoku Cloud, which is located above the current price action.
Bitcoin is trading within a descending expanding wedge pattern, with the 200-day moving average providing support just above the lower trendline of the wedge.
Further developments in price action are needed before any decisive action is taken.
