Bitcoin (BTCUSD) – Ascending Triangle Breakout Incoming?
Bitcoin is forming an ascending triangle on the 4-hour chart, signaling a potential breakout. The price is making higher lows, showing strong buying pressure, while resistance remains near $98,000.
🔍 Key Levels to Watch:
📈 Breakout Target: If BTC breaks above $98,000, we could see a move toward $100,763, with further upside potential toward $102,600.
📉 Support Levels: The lower trendline and $97,000 act as key supports. A breakdown could lead to a retest of $92,247.
A decisive move in either direction will set the tone for BTC’s next big move.
💬 What’s your take breakout or rejection? Drop your thoughts below! 👇
🔍 Key Levels to Watch:
📈 Breakout Target: If BTC breaks above $98,000, we could see a move toward $100,763, with further upside potential toward $102,600.
📉 Support Levels: The lower trendline and $97,000 act as key supports. A breakdown could lead to a retest of $92,247.
A decisive move in either direction will set the tone for BTC’s next big move.
💬 What’s your take breakout or rejection? Drop your thoughts below! 👇
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.