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BTC Technical Structure: Ascending Triangle Formation Taking Shape
Bitcoin is currently building out a pretty textbook ascending triangle on the 8-hour chart. The pattern's showing consistent higher lows as price action grinds higher into a clearly defined resistance zone.
What you're watching for:
🔹 Resistance/Supply Level: $94,500 to $107,000
This is where the real pressure sits. Price keeps bumping into this zone and has to work through it.
🔹 Dynamic Ascending Trendline
Each time BTC pulls back, the lower boundary of this triangle creeps higher. That's the classic ascending triangle setup—the bulls aren't giving back ground.
The structure looks clean right now. Consistent higher lows combined with that well-defined overhead supply tells you the market's building energy. Breakout above $107K would signal real conviction. Bounces at the trendline could offer lower-risk entries, but the key is watching how price interacts with that $94.5K-$107K zone.