Bitcoin is moving inside a triangle and holding strong near $107K while the trendline gives upward strength.
Price is now above the Ichimoku Cloud and close to $108K resistance with traders waiting for a breakout.
A confirmed move past the triangle can push BTC to $114K while failure may send it down toward $104K.
Bitcoin is consolidating inside an ascending triangle, trading at $107,477 while holding above its trendline and the Ichimoku Cloud.
Soirce: X
According to a chart shared by The Crypto Express on June 17, 2025, Bitcoin’s price action is locked within a key technical structure. The current setup shows a tightening pattern with clear support from the lower trendline and Ichimoku Cloud, both acting as bullish zones. The next significant move will depend on whether Bitcoin breaks above or below this range.
Price Structure Tightens Above Key Support Trendline
The current chart outlines an ascending triangle, a pattern often interpreted as a potential continuation signal. In this case, Bitcoin has been consistently forming higher lows while facing a horizontal resistance zone near $108,000 to $114,000.
The lower boundary of the triangle has been tested multiple times, with price bouncing from each contact. This trendline has held since early June and reflects increasing demand pressure. On the upper side, the red-shaded area shows resistance that Bitcoin has failed to close above on recent attempts.
The price is now trading near $107,477, just below the upper limit of the triangle. A decisive breakout or breakdown from this level could determine the next major direction. Traders are watching for increased volume to confirm the breakout when it comes.
Ichimoku Cloud Adds Confluence to Support Zone
In addition to the triangle, the Ichimoku Cloud is serving as a dynamic support layer under current price action. Bitcoin remains above both the leading and lagging spans, indicating short-term trend strength.
The Ichimoku Cloud has recently turned green beneath the price, which adds further weight to the bullish outlook. This cloud formation typically provides a soft cushion for price movements, especially when aligned with trendline support.
Traders often use the Ichimoku Cloud to evaluate trend strength and reversal risk. When price stays above the cloud, bullish sentiment tends to prevail. However, a breakdown through both the trendline and the cloud would shift the market toward bearish conditions.
This overlapping technical structure is currently limiting volatility as Bitcoin coils within narrowing levels. The eventual breakout may deliver a larger-than-average move due to the compression building within the triangle.
Will Bitcoin Break Out or Fall Below the Triangle?
The key question now is whether Bitcoin can break above resistance or if the pattern will collapse with a downside breach. A confirmed breakout above $108,000 could spark a move toward the $114,000 range, the upper boundary on the current chart. If Bitcoin closes above the resistance with momentum, it may signal continuation of the broader uptrend.
Conversely, a breakdown below the ascending trendline may open the path to lower support zones around $104,000 or below. The absence of volume on either side could prolong consolidation until further market catalysts appear.
For now, Bitcoin’s price behavior remains technical, and traders are waiting for confirmation. The support trendline and Ichimoku Cloud alignment gives buyers some short-term control, but a decisive move is needed to set the next course.
