#bitcoin is currently coiling within a classic descending triangle formation 📉

Should it face another rejection at the upper resistance line, there's a strong probability it could cascade downward — potentially aiming to fill the #CMEGap near the $116K zone 📊

However, if #BTC successfully breaks above this critical resistance and sustains that level for a daily close, we could be witnessing the ignition of a fresh all-time high rally 🚀