Bitcoin ($BTC ) Analysis
🔍 Symmetrical Triangle Formation on 2-Hour Chart
Bitcoin is currently consolidating within a symmetrical triangle pattern, indicating a potential breakout soon. The support and resistance lines are converging, and price action is testing key levels.
📊 Key Observations:
• Current price: $90,442
• Moving average (green line) is acting as dynamic support.
• A breakout could lead to a significant price movement either upward or downward.
📈 Levels to Watch:
• Resistance: $92,000
• Support: $88,000
⚠️ Breakouts from symmetrical triangles often come with increased volume, so keep an eye on the volume indicators!
