#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
Congratulations @angelux-kk! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
<table><tr><td><img src="https://images.hive.blog/60x70/https://hivebuzz.me/@angelux-kk/posts.png?202412201035" /><td>You published more than 60 posts.<br />Your next target is to reach 70 posts. <p dir="auto"><sub><em>You can view your badges on <a href="https://hivebuzz.me/@angelux-kk" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">your board and compare yourself to others in the <a href="https://hivebuzz.me/ranking" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">Ranking<br /> <sub><em>If you no longer want to receive notifications, reply to this comment with the word <code>STOP