Bitcoin is coiling up inside a clear symmetrical triangle on the 30-minute timeframe, indicating a volatility squeeze and a likely breakout ahead.

This triangle has been forming since the rejection from $109.8K, followed by a sharp bounce off $107.4K.

Both buyers and sellers are pushing price into a narrow apex—expecting a volatility explosion soon.

Breakout direction will dictate the next major move.

Upper resistance: ~$109.2K–$109.4K

Lower support: ~$108.2K–$108.4K

Break above $109.4K = upside continuation toward $110.2K–$111K

Break below $108.2K = potential drop to $107K–$106.5K

Volume is decreasing as the triangle matures — a classic sign of breakout tension.