Bitcoin is rebounding from the 200MA, which is acting as a strong support level following the breakdown of the rising wedge pattern. It is currently trading below the 100MA, which serves as a resistance barrier.
A breakout above the 100MA could signal further upward movement, while a rejection at this level may lead to a price decline. Stay alert for decisive price action.
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BTC/USDT ANALYSIS
Bitcoin is rebounding from the 200MA, which is acting as a strong support level following the breakdown of the rising wedge pattern. It is currently trading below the 100MA, which serves as a resistance barrier.
A breakout above the 100MA could signal further upward movement, while a rejection at this level may lead to a price decline. Stay alert for decisive price action.
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