Bitcoin's downtrend is forming an ascending triangle pattern, signaling a potential breakout setup. Watch the 94k level closely—if BTC breaks above here, it could trigger a significant trend reversal and flip the bias from bearish to bullish. The confluence of the rising support and resistance compression makes this a critical zone to monitor for confirmation or rejection of the reversal thesis.
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Bitcoin's downtrend is forming an ascending triangle pattern, signaling a potential breakout setup. Watch the 94k level closely—if BTC breaks above here, it could trigger a significant trend reversal and flip the bias from bearish to bullish. The confluence of the rising support and resistance compression makes this a critical zone to monitor for confirmation or rejection of the reversal thesis.