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#BTC/USDT ANALYSIS Bitcoin remains within a descending broadening wedge pattern after sweeping liquidity below it. Currently, it is rebounding off the support trendline. The 200 MA and the Ichimoku Cloud are both serving as resistance above the current price action. A solid breakout from the pattern is anticipated soon, which could lead Bitcoin to reach a new high.

#BTC/USDT ANALYSIS Bitcoin is experiencing a rebound from the support trendline and horizontal demand zone following a strong rejection at the resistance trendline of the descending broadening wedge pattern. This price movement suggests that Bitcoin is finding stability above the crucial demand zone and the pattern's support trendline. The 200-day moving average is currently providing robust support just below this demand zone, bolstering the bullish sentiment. However, the 100-day MA is posing as a resistance level, which could challenge the upward momentum. Despite this resistance, the overall technical indicators and market conditions suggest the potential for a strong bullish rally in the crypto market, as investors and traders remain optimistic about Bitcoin's capacity to break through these barriers and sustain an upward trajectory.

In the past 24 hours , 2,13,305 traders were liquidated , the total liquidations comes in at $827.23 million

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# | Coin | Price | Cap | 24h% 1 BTC $53,925 $1.06T -11.41% 2 ETH $2,263 $272.34B -22.46% 3 USDT $1.00 $114.32B -0.09% 4 BNB $444.05 $64.78B -16.04% 5 SOL $127.52 $59.44B -12.06% 6 USDC $1.00 $33.30B -0.04% 7 XRP $0.470 $26.30B -15.59% 8 STETH $2,243 $22.06B -23.13% 9 TON $5.36 $13.56B -10.99% 10 DOGE $0.0900 $13.22B -16.29%

Crypto Market Stats 📊 Market Cap: $1,958,693,330,537 BTC Dominance: 54.33% 24h Volume: $240,775,952,688

📰 Recent News in Crypto🔥 Crypto Market Rout Resumes as Equities Trading Briefly Halted in Japan 15 minutes ago via decrypt.co➡ The market tomorrow 35 minutes ago via unusual_whales➡ Jump Crypto unstakes $315M of ETH, now headed to exchanges 36 minutes ago via cointelegraph.com➡ 24,009,969 #XRP (11,359,095 USD) transferred from #Binance to unknown wallet 47 minutes ago via whale_alert➡ 23,680,816 #XRP (11,203,373 USD) transferred from #Binance to unknown wallet 47 minutes ago via whale_alert➡

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