Bitcoin Breaks Down from Descending Triangle Outset

The breakdown from the descending triangle pattern on the 1-hour timeframe suggests increased bearish momentum for Bitcoin. Descending triangles are typically considered continuation patterns, and breaking below the lower boundary often confirms a move downward. Traders should watch for increased selling pressure and possibly further declines, depending on whether the price sustains below the breakout level. Technical indicators such as volume, moving averages, and RSI could provide additional context to confirm the strength of this move. If the bearish momentum persists, the next support levels to monitor would be previous lows and key Fibonacci retracement levels. This technical signal hints at short-term weakness, but traders should also consider broader market conditions and any fundamental factors influencing Bitcoin's price.