Technical Analysis of Bitcoin Price as the Apex of the Ascending Triangle Approaches $105,000

On the two-hour price chart, the price of Bitcoin is oscillating within a bullish triangle pattern formed by gradually rising lows and the horizontal resistance level at $105,000, while the 50-period Exponential Moving Average (EMA-50) stands at $105,25238306119719 as a dynamic resistance level.

Momentum indicators suggest a potential price breakout is imminent.

Proposed Trading Plan:

Entry: If the price rises above $105,50038306119719 and closes above it.

Target Levels: $107,20038306119719 and $108,35138306119719 consecutively.

Stop Loss: Below the trend line at $103,400.

MACD Indicator: Located in a neutral zone awaiting confirmation of an upward or downward breach.

Trading Candles: Several Doji candles and some spinning top candles are forming near the resistance level.

Conclusion:

The price of Bitcoin is relatively stable at a significant resistance area, while real-world catalysts - such as regulatory clarity and new lending services - contribute to boosting investor confidence. If the price manages to breach the $105,500 level, this could initiate a new wave of increases within Bitcoin's bullish cycle of 2025.