Bitcoin (BTC) is showing significant bullish momentum as it breaks through a critical horizontal supply zone and the Ichimoku Cloud barrier. This move follows a strong rebound from the support trendline of an ascending broadening wedge pattern, highlighting the strength of the current uptrend. The 21-day and 50-day moving averages (MA) are aligning to reinforce this bullish sentiment, suggesting increased buying pressure in the market. A decisive candle close above the supply zone could act as a strong confirmation of further upward movement, potentially targeting higher resistance levels. Traders should monitor volume levels and additional technical indicators to validate the breakout's sustainability.
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