BTC STILL CONSOLIDATINGBitcoin continues to coil within the symmetrical triangle on the daily chart, now approaching the apex with growing tension. Price was sharply rejected from both the 50-day and 200-day moving averages, but critically – it held diagonal support. That alone keeps the structure intact and the potential for a breakout alive.
Volume ticked up slightly, showing there’s still life in this move. Until the lower trendline gives way, this remains a neutral-to-bullish consolidation pattern. A clean break above the descending resistance would likely ignite a new leg up, especially if confirmed with volume. Conversely, a break below support would invalidate the higher lows and flip the bias bearish.
With both moving averages pressing down and support refusing to break, Bitcoin is playing a game of tug-of-war – and the winner could set the tone for weeks to come.
