📊 *Bitcoin Consolidation: Breakout Incoming!* 🚀
This chart shows BTC forming a *descending triangle*, a classic consolidation pattern where price tightens between *lower highs* and a *flat support line*. 🔻
🟠 *What consolidation means*:
BTC is cooling off after a strong move, with buyers and sellers balancing out. It’s a calm before the storm, where momentum builds up for the next big move. ⚡
✅ *Chart Signals*:
- Horizontal support near *106K*
- Resistance line descending from recent highs
- Price squeezing into the apex (marked by the red circle)
📈 *Prediction*:
- If BTC breaks *above* the trendline, we could see a rally toward *110K–114K+* 🎯
- If it breaks *below*, a retest of *104K–$102K* is likely before bouncing back 🔁
🔍 *Strategy*:
- Watch for volume spike to confirm breakout
- Set alerts near both breakout levels
- Use stop-loss to manage risk
⚠️ This setup is *explosive*, so be ready. The move will be quick — don’t trade late. 💥