After breaking down from the rising wedge pattern, #Bitcoin is rebounding from the horizontal demand zone. Currently, it is facing rejection from the 50MA, which is acting as a strong resistance. A breakout above the 50MA could trigger a further upward rally. Otherwise, a correction may follow. Keep a close eye on upcoming price action. #CryptoScam $BTC
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#BTC/USDT ANALYSIS
After breaking down from the rising wedge pattern, #Bitcoin is rebounding from the horizontal demand zone. Currently, it is facing rejection from the 50MA, which is acting as a strong resistance. A breakout above the 50MA could trigger a further upward rally. Otherwise, a correction may follow. Keep a close eye on upcoming price action. #CryptoScam
$BTC