Bitcoin Stabilizes in Symmetrical Triangle, Awaiting Breakout or Breakdown

Bitcoin is currently stabilizing within a symmetrical triangle pattern. The support trendline remains robust, supporting upward momentum. Meanwhile, the 100 Moving Average (100MA) is serving as a resistance level above the current price. The market is trapped in a narrow range as traders await a breakout. A decisive move above the triangle could indicate a continuation of the bullish trend, while a drop below might imply a bearish reversal. Confirming with volume and key level analysis will be crucial for validating the next direction. Traders should stay vigilant for signs of a confirmed breakout or breakdown to make informed decisions.