BTC remains in a retest phase after breaking out of the first descending broadening wedge.
The price has returned to test the upper wedge trendline, which is now acting as support around ~$105,500.
The purple 1 00-period MA (~105,570) overlaps this retest zone, adding additional confluence to the support.
Ichimoku
BTC is inside a green cloud, indicating indecision but not a confirmed trend reversal.
The cloud provides dynamic support in the ~$104,500–105,500 area.
Stay alert!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.