#BTC/USDT ANALYSIS
Bitcoin has broken down from the rising wedge pattern and has successfully retested the breakdown. The Ichimoku Cloud and the 100MA are serving as strong resistance barriers above the price action.
Currently, the price is trading above the horizontal demand zone. A bounce from this level could signal a recovery, while a breakdown below the demand zone may trigger further downward movement in the market.
Best regards
Angelux-kk