$BTC Getting Ready for a Big Move – Triangle Pattern Close to Breakout
#Bitcoin is showing signs of a strong move ahead. Right now, the price is moving inside a triangle pattern on the 4-hour chart. It is trading between a red downward trendline and a strong green support zone between $116,000 and $117,000.
Buyers are clearly active and protecting the support level. This means they are not letting the price go below $116,000. At the same time, sellers are stopping the price from moving higher by holding the red trendline. As a result, Bitcoin is going sideways for now — but this quiet phase won’t last much longer.
The triangle is almost full, and a breakout or breakdown can happen anytime. If Bitcoin breaks above the red trendline with strong volume, it will likely start a new upward move. In this case, the next major target is around $125,000. That level could act as the next resistance zone where sellers might step in.
However, if Bitcoin fails to hold above the green support box and breaks down, the price could drop fast. The next strong support level is near $111,000, and if that breaks too, more losses could follow.
This is a critical zone for Bitcoin. The price is at a point where a big decision will be made soon. Both bulls and bears are getting ready for the next move.
In short:
Price is inside a triangle
Support zone is between $116,000–$117,000
Resistance is the red trendline
Breakout above = Target $125,000
Breakdown below = Drop to $111,000 or lower
This setup shows a high chance of a breakout or breakdown very soon. Traders should stay alert and be ready to act. The next move could be fast and strong. Watch closely — a big opportunity is coming.