BTC UPDATE
Bitcoin is consolidating within a symmetrical triangle pattern, typically seen as a sign of potential price compression. This pattern suggests the market is gearing up for a decisive breakout following a prior bullish move.
A confirmed breakout, followed by a successful retest of the triangle’s upper boundary as support, would provide strong bullish confirmation and signal the potential for further upside momentum.
Conversely, if BTC faces rejection at the resistance, it may continue oscillating within the triangle, maintaining indecision until a clear breakout or breakdown occurs.
Traders should watch closely for volume spikes and confirmation signals to identify the next directional move.