Bitcoin / TetherUS
Short
Aktualisiert

BTC/USDT at Decision Point: Triangle Pattern Signals Breakout

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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:
  • 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.
Trade ist aktiv
Trade geschlossen: Stop wurde erreicht
The triangle is broken from the top line!

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