$BTC Your analysis of BTC/USDT aligns with classic technical patterns.
The descending triangle suggests indecision, with the 100MA reinforcing resistance. A breakout above the triangle and 100MA could indeed spark bullish momentum, potentially targeting the next psychological level (e.g., $70K or higher, depending on volume).
Conversely, failure to break out might see price test the lower trendline or support zones (around $60K or lower). Volume and broader market sentiment will be key.
Anything specific you’re eyeing for confirmation?