Bitcoin is forming a symmetrical triangle pattern on the 4H chart.
The resistance of the triangle is near $114,700. A breakout above this level can push price towards $116,000–$116,288.
Strong resistance is marked in the red zone above the triangle.
Support of the triangle is near $113,100.
If price breaks below support, it may retest $111,920 or lower.
MACD is turning positive, showing signs of buyer interest.
