Bitcoin has broken out of the falling wedge pattern and is currently testing the breakout above it. The 50MA is acting as support, reinforcing bullish momentum.
A successful retest above the wedge would confirm the breakout and likely trigger a bullish rally in the market.
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#BTC/USDT ANALYSIS
Bitcoin has broken out of the falling wedge pattern and is currently testing the breakout above it. The 50MA is acting as support, reinforcing bullish momentum.
A successful retest above the wedge would confirm the breakout and likely trigger a bullish rally in the market.