Peter Smith
⬤ Bitcoin is holding steady inside a clear ascending triangle formation, and traders are keeping a close eye on what happens next. The pattern shows BTC making higher lows while repeatedly testing the same resistance ceiling. Right now, the setup suggests we might see a dip back to the $89,000 support zone before another push higher kicks in.
⬤ The $94,000 level is where things get interesting. Bitcoin has knocked on this door three times already, and if it comes back for a fourth attempt, something's got to give. "BTC remains supported by its rising trendline, which has guided price higher from prior consolidation levels," highlighting how consistent buying pressure keeps showing up at key support areas. Once that $94,000 wall breaks, the momentum could really start building.
⬤ If Bitcoin manages to punch through resistance, the next big psychological target sitting out there is $100,000. The ascending support line that's been propping up prices continues to hold strong, showing that buyers are still willing to step in at higher levels. This kind of structure tells you there's genuine demand underneath, even when the market gets choppy.
⬤ Why does this matter? Bitcoin's price action sets the tone for the entire crypto market. What happens around these major levels—$94,000 and $100,000—will likely ripple through sentiment across digital assets. The way BTC handles this triangle pattern over the coming days could shape where the market heads in the near term.
Peter Smith
