🔺 Pattern: - Ascending Triangle ⏳ – Price is testing resistance; a breakout might be on the way! - Recent Push to $5.083 shows strong buying interest 📈 – Bulls are eyeing higher levels.
🎯 Next Moves: - Above $5.083 ➡️ Could target $5.328 and beyond 🚀 - Below $4.427 ➡️ Possible dip to $4.174 ⚠️
Current Situation: 📉 Descending Trend: Bitcoin has been in a downtrend since mid-August, but it's now consolidating in a triangle pattern, signaling potential big moves.
Key Levels: - 🔴 Support at $62,000: Watch this level. If BTC drops below it, 🚨 it could fall further to the $58,000 range. - 🟢 Resistance at $66,000: A breakout above this could 🚀 push BTC towards $70,000 or higher.
Potential Outcomes: - 📈 Bullish Scenario: If BTC breaks above the triangle (green arrow), expect a possible rise towards $66,000 and beyond. - 📉 Bearish Scenario: If it breaks below the triangle (red arrow), a drop towards $62,000 or lower is likely.
Summary: 📊 Watch for Breakouts! The next move depends on whether BTC breaks the upper or lower boundary of the triangle.