BTC Price Action Analysis – 8H Timeframe

Bitcoin continues grinding within a descending wedge pattern, stuck beneath the falling resistance trendline. The price structure shows clear corrective behavior—each rally fails to break prior highs while support at the lower wedge boundary holds firm as buyers step in.

Key technical observations: The 50-period moving average sits above current price levels, functioning as dynamic resistance. Buyers aren't giving up at support, but sellers control the upper zone. This compression typically precedes a directional breakout, though which way remains uncertain without confirmation.

Traders watching the 8H chart should monitor whether BTC can reclaim space above the 50MA or if lower support caves. Wedge breakouts can be violent either direction—patience for a clear signal beats guessing.