BTCUSD – Ascending Triangle Pattern | Breakout Setup Ahead

3 Nov

BTCUSD is currently forming a clean ascending triangle pattern, indicating a buildup of bullish momentum and potential breakout opportunity. Price has been forming higher lows while testing the horizontal resistance, showing that buyers are gradually gaining strength.

Now, the market is approaching the downtrend line resistance, where a decisive breakout candle and close above the structure could confirm continuation toward higher targets. Volume remains stable, suggesting that accumulation is underway before the next expansion phase.

💡 If BTC successfully breaks above the resistance and holds on a retest, we could see a strong impulsive rally toward the next key resistance zone near 125,000.

🎯 Technical Target Levels / Resistance Zones:

First Target: 120,000
Second Target: 122,800
Third Target: 125,000

As long as price holds above the ascending structure and maintains bullish momentum, the trend remains in favor of buyers. A strong bearish close below the triangle base would invalidate this setup.

⚠ Note: This is not financial advice. Always trade with discipline and apply proper risk management.

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