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#BTC/USDT ANALYSIS
Bitcoin is rebounding from the horizontal demand zone and the second bottom of the potential double bottom formation, while continuing to trade within the descending broadening wedge pattern.
The 21MA is acting as a key resistance barrier above the current price action. A solid breakout above the 21MA could strengthen bullish momentum and trigger further upside in the market.
Keep a close eye on upcoming price action for breakout confirmation.
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