Bitcoin's showing interesting price action at $89,518. Right now it's forming a pretty tight triangle pattern on the charts—classic squeeze setup. Once this breaks, we could see some serious movement. Eyes on the $100k level as the next target. Pattern's been building momentum, and if the structure holds, the upside looks promising. Worth keeping tabs on how this plays out over the next move.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
6
Repost
Share
Comment
0/400
CrashHotline
· 15h ago
A triangle is just a triangle. Can't we directly say whether it will break out or not?
View OriginalReply0
ChainDetective
· 01-04 02:46
I've heard the phrase "triangle compression" so many times; let's wait until there's a breakout before discussing it further.
View OriginalReply0
P2ENotWorking
· 01-02 15:54
Triangle squeeze? I bet it will either break through directly or get stuck. I've seen too many of these kinds of movements.
View OriginalReply0
SnapshotDayLaborer
· 01-02 15:33
I've heard the narrative of triangle breakouts too many times. Every time, they say the upside potential looks promising. But what happens next?
View OriginalReply0
ImpermanentPhobia
· 01-02 15:29
The triangle breakout is imminent, and $100k is just around the corner. The key is whether we can withstand the pullback.
View OriginalReply0
FomoAnxiety
· 01-02 15:29
A triangle breakout costs 10k, nothing special to see.
Bitcoin's showing interesting price action at $89,518. Right now it's forming a pretty tight triangle pattern on the charts—classic squeeze setup. Once this breaks, we could see some serious movement. Eyes on the $100k level as the next target. Pattern's been building momentum, and if the structure holds, the upside looks promising. Worth keeping tabs on how this plays out over the next move.