BITCOIN has broken out of a well-defined triangle pattern signaling a potential continuation toward higher resistance levels Price action is aligning with bullish momentum and the breakout zone could act as a strong support moving forward Triangle Breakout in FocusPattern Formation: BTC formed an ascending triangle with a horizontal resistance near 106,200 and a series of higher lows compressing price upward Breakout Confirmed Price has broken out above the triangle resistance, flipping previous structure into support Momentum Building: The clean break suggests strong buyer presence, and the setup favors further upside if price holds above the trigger zone.
Resistance Zone:
$108,421 – Point of interest (POI) and short-term resistance.
$110,429 – Major resistance and triangle breakout target.
Support Zones:
$106,187 – Breakout trigger and former triangle resistance.
$104,559 – Minor support zone within the triangle.
$103,672 – Final structural support aligned with previous demand.
Potential Scenarios
Bullish Path: If price holds above the breakout level ($106,187) we could see a continuation to $108,421 followed by a test of the $110,000 psychological level Pullback Risk If the breakout fails price may revisit the $104,500–$103,600 support area before attempting another leg up.
Summary The triangle breakout puts bulls in control for now. As long as the structure remains intact BTC may be gearing up for a measured move toward $110K
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.