Hi!
Bitcoin broke the long-term descending trendline, but instead of expanding, the price moved into a large triangle range. This shows hesitation; the market is building energy, not trending yet.
Current structure:
Broken downtrend → consolidation
Clear triangle with rising support and horizontal resistance
Key levels & scenarios:
Bullish scenario:
If price breaks and holds above the top of the triangle (93,500–94,000)
→ First target: 99,200
→ Extension target: 104,400
Bearish scenario:
If price loses the rising trendline support
→ Downside opens toward 81,300
For now, this is a wait-for-breakout structure. Direction will be decided only after a clean break, patience matters here.
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