The ascending triangle candle pattern, characterized by two trend lines, one ascending and one horizontal, is usually a bullish indicator that signals the continuation of an upward trend in the market. However, it can sometimes result in a reversal pattern, with the price breaking below the lower ascending trend line.

To identify an ascending triangle pattern, it is necessary to consider the established trend in the market and look for at least two successive highs and two successive lows. The more times the ascending triangle trend lines are touched, the more reliable the pattern will be.

In a classic example of an ascending triangle, trading volume gradually decreases as the pattern progresses. Then, when the price breaks above the upper horizontal trend line, there should be an expansion in trading volume to confirm the breakout.

Despite the negativity in the market, the ascending triangle pattern may be a sign of optimism for BTC. However, it is crucial to distinguish between true and false breakouts to avoid unnecessary losses.