Analysis #BTC 📈
On the 2-day timeframe, Bitcoin is consolidating within a widening falling wedge pattern and is now trading just below the resistance trend line after several attempts to break it.
Both the 50-day MA and 100-day MA are providing strong support below the current price action, increasing the probability of a breakout of the pattern.
A breakout of the pattern will lead to a strong upward move and a new high for Bitcoin. 👍
