GRAPH ANALYSIS $BTC / $USDT

📊 1. Type of figure formed: Ascending triangle

Horizontal line around 118,900 – 119,000 USDT (resistance).

Upward trend line below (support) — the lows are getting higher.

This figure is called an ascending triangle, often considered a bullish continuation pattern.

🔍 2. Technical interpretation

Horizontal resistance: the price repeatedly hits the same area without breaking through.

Increasingly higher supports: buyers are becoming more aggressive, pushing the lows upward.

Volume (top right: 1.96 billion): it may be useful to observe an increase in volume during the breakout.

📈 Possible scenarios

✅ Bullish breakout (likely):

If the price breaks the resistance with significant volume, a rapid increase can be expected, with a technical target equal to the height of the triangle projected above the breakout.

Potential target: around 124,000 – 126,000 USDT.

❌ Rejection and return to decline:

If the resistance holds and the price breaks the diagonal support downward, this invalidates the triangle.

The price could then return to around 112,000 – 108,000 USDT.

✅ Conclusion

Current structure: bullish.

Key level to watch: 119,000 USDT.

A confirmed break of this area with volume could signal a continuation of the bullish trend.