BTC/USDT at Decision Point: Triangle Pattern Signals Breakout

Hello guys!
Bitcoin is consolidating in a symmetrical triangle pattern near a key resistance zone after a strong uptrend within the ascending channel. The price is trading just below the triangle’s top line, indicating a potential breakout or breakdown setup.
✔ Key Scenarios:
👀 Scenario 1 – Bullish Breakout:
👀 Scenario 2 – Temporary Pullback (Triangle Breakdown):
Conclusion:
Bitcoin is moving in a tightening range. A breakout from the triangle will dictate the next move. For clearer direction, traders should watch for a decisive move above or below the triangle structure.
Bitcoin is consolidating in a symmetrical triangle pattern near a key resistance zone after a strong uptrend within the ascending channel. The price is trading just below the triangle’s top line, indicating a potential breakout or breakdown setup.
✔ Key Scenarios:
👀 Scenario 1 – Bullish Breakout:
- If BTC breaks above the top of the triangle, we could see a sharp move upward toward the $106K resistance zone and potentially higher.
- This would signal trend continuation and strength in the bullish momentum.
👀 Scenario 2 – Temporary Pullback (Triangle Breakdown):
- If BTC breaks the bottom of the triangle, the price might fall toward the $99,715 support level.
- This zone is also aligned with a previous consolidation and could serve as a strong demand area.
- A bullish reversal from this area is likely, providing another long opportunity targeting the same $106K resistance.
Conclusion:
Bitcoin is moving in a tightening range. A breakout from the triangle will dictate the next move. For clearer direction, traders should watch for a decisive move above or below the triangle structure.
Dagangan aktif
Dagangan ditutup: hentian tercapai
The triangle is broken from the top line!👉 My recommended broker: bit.ly/HYMCMELI
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Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.