#BTC/USDT ANALYSIS
Bitcoin is currently consolidating within a falling wedge pattern, a structure that often signals a potential bullish reversal. At the moment, it is facing rejection from the resistance trendline of the pattern, with the 50MA acting as an additional resistance barrier above.
Price action may continue to move within the wedge until a decisive breakout occurs. A strong breakout above both the pattern and the 50MA would confirm a bullish trend. Keep a close watch, as this move could set the tone for Bitcoin’s next major direction.
