Bitcoin's triangle tip is oscillating, and the direction is about to be chosen—will it be a breakout or a collapse?
Bitcoin is currently stuck in a very narrow ascending triangle, oscillating near the resistance zone.
The Ichimoku indicator leans towards bullish, indicating there is bullish pressure, but confirmation is still lacking.
Where is the key?
A successful breakout could lead to a direct surge, leaving bears unable to react;
Breaking below support would indicate a structural collapse, leading to a significant loss of confidence in the short term.
This is a very typical technical pattern at its end, and direction can be chosen at any time. Once it starts moving, the amplitude won't be small.
