Date: 28 May 2025
Timeframe: 1-Hour (1H)
Pair: BTC/USDT
Platform: Binance Spot

Overview

Bitcoin ($BTC ) is currently trading in a tightening range, forming an ascending triangle pattern against Tether (USDT) on the 1-hour chart. This pattern, often considered a bullish continuation signal, suggests that a breakout may be approaching soon — with potential price targets aligning with key historical levels.

As of the time of analysis, BTC/USDT is trading at $108,916, navigating just above a critical ascending trendline while repeatedly testing horizontal resistance near $109,611.

Key Technical Indicators

  • MA 7 (Short-Term): $107,311

  • MA 25 (Mid-Term): $108,092

  • MA 99 (Long-Term): $109,221

  • Immediate Support: $108,800 (trendline)

  • Major Support: $105,531

  • Key Resistance: $109,611

Chart Pattern: Ascending Triangle

Bitcoin has been recording higher lows while facing repeated rejection at the $109,600 resistance level. This ascending triangle pattern typically favors a bullish breakout, especially when accompanied by increasing volume near the resistance zone.

Additionally, the price has consistently respected an upward-sloping trendline, reinforcing the bullish structure.

Scenario Analysis

Bullish Breakout Scenario:

If BTC breaks above $109,700 with strong volume:

  • Target 1: $110,500

  • Target 2: $111,700

  • Stop Loss: $108,700

  • Reasoning: Breakout from ascending triangle + momentum above MA99

Bearish Breakdown Scenario:

If BTC falls below $108,700 and breaks the trendline support:

  • Target 1: $107,000

  • Target 2: $105,500

  • Stop Loss: $109,700

  • Reasoning: Loss of trendline support and failure to reclaim MA25

Trade Idea (Swing Setup)

DirectionEntryStop LossTargetsR/R RatioLong (Buy)Above $109,700$108,700$110,500, $111,700~1:2+Short (Sell)Below $108,700$109,700$107,000, $105,500~1:2

⚠️ Note: Wait for a confirmed breakout (candle close with volume) before entering. Avoid false breakouts by monitoring volume indicators and news catalysts.

Conclusion

Bitcoin's price action is currently coiled within an ascending triangle, hinting at an upcoming directional move. Traders should monitor key levels at $109,700 and $108,700 for breakout confirmation. With the right entry and discipline around risk management, this setup offers a favorable risk-reward opportunity in the short term.

Stay updated with live charts on Binance and set alerts for the critical levels mentioned above to capitalize on the next major BTC/USDT move.

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