The chart shows Bitcoin (BTC/USDT) on a 1-hour timeframe forming a symmetrical triangle pattern, marked by points A, B, C, and D. This consolidation pattern indicates potential for a breakout as price volatility contracts. Key support is around $117,000, and resistance is near $120,000. A breakout above or below the triangle could signal the next major move. Traders typically watch for volume confirmation before entering a trade.
thanking you
thanking you
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.