#BTC UPDATE
Bitcoin is currently trading within an ascending triangle pattern, a bullish continuation structure characterised by a rising support trendline and a relatively flat resistance level. At present, the price is rebounding from the support trendline, indicating sustained buying interest.
To confirm its next direction, traders should wait for a decisive breakout above the resistance or a breakdown below the support. A breakout could signal bullish momentum, while a breakdown might suggest a potential reversal or consolidation phase.