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#BTC/USDT ANALYSIS
Bitcoin is consolidating within a descending broadening wedge pattern. It is currently trading above the Ichimoku Cloud, which is providing strong support, while the 100MA serves as a resistance barrier just above the price.
A breakout above the 100MA and the wedge pattern could signal a bullish trend. However, if Bitcoin breaks below the Ichimoku Cloud support, it may lead to further downward movement within the pattern.
