BITCOIN (BTC/USDT) ASCENDING TRIANGLE BREAKOUT !!

30 בינו׳

Bitcoin (BTC/USDT) 4H Analysis: Breakout Toward 110K?

Key Observations:

1. Ascending Triangle Formation:

BTC is forming an ascending triangle pattern, a bullish continuation setup.

A breakout above resistance could lead to a strong upward move.



2. Key Levels:

Resistance Zone: ~108K-110K (highlighted in red).

Support Zone: ~104K-105K.

200 EMA Support: Currently at $100,528, acting as a strong dynamic support.



3. Potential Scenarios:

Bullish Breakout: If BTC holds above 104K and breaks resistance near 108K, it could rally toward 110K and beyond.

Rejection & Retest: If BTC faces rejection, a pullback to 104K or even the 200 EMA (100.5K) could occur before another attempt higher.




Conclusion:

Bullish bias remains intact as long as BTC holds above 104K.

A confirmed breakout above 108K-110K could trigger a move toward new highs.

Watch for volume confirmation on a breakout to validate the uptrend.

31 בינו׳

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