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Lingrid | BTCUSDT Price Squeeze Builds, Signaling Breakout

market is currently consolidating, with a sideways trend. Interest in Bitcoin appears to have waned. Looking at the broader picture, a large triangle pattern is forming, where we have lower highs and higher lows. This is particularly evident on the weekly timeframe, where an inside bar pattern formed which means a price squeezed. A potential fake break below the previous week's low could signal a price increase, potentially breaking the downward trendline and triangle pattern. Overall, I anticipate a bounce off the support level and channel border, leading to a bullish movement. My goal is resistance zone around 102500.00

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Lingrid

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Lingrid

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