#BTC/USDT ANALYSIS



Bitcoin is still holding above the wedge resistance trendline, while the 50MA continues to act as a support showing underlying strength. As long as price remains above the wedge, a bullish rally remains likely.

However, if this breakout turns out to be false, price could fall back inside the wedge and invalidate the bullish setup.

$BTC
BTC1.7%
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Nahid1156
· 1h ago
heartbeat" of Bitcoin—its hash rate
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GateUser-634ae966
· 2h ago
The risk of a false breakout does exist; it's safer to wait for a pullback confirmation before entering. Currently chasing is a bit of a gamble.
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AirdropCartographer
· 3h ago
The 50 MA held after the wedge breakout, continue to look bullish
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