BTC/USDT ANALYSIS
Bitcoin continues to trade below the resistance trendline of the descending broadening wedge pattern, with the 100MA positioned above, acting as a strong resistance barrier. This confluence of resistance is currently limiting any upward movement.
At this stage, it's important to wait for further price action developments before confirming the next move. A breakout above the pattern and the 100MA would signal bullish momentum, while continued rejection could lead to further consolidation or downside.