Will the Rectangle hold or fail? Plot your targets on the chart.
Sideways movement between parallel supports.
Bullish continuation pattern.
Consolidation. Can break either way.
A clear signal has emerged for Bitcoin (BTC) on the daily chart. Currently at $77889.51, the asset is showing upward momentum (0.56%). Algorithmically, a Ascending Triangle structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $82792.21, targeting $90625.85 with support near $76029.23 (R:R 1.16).
What is your outlook on BTC?