Bitcoin is currently trading around 77.78K and has been fluctuating between 77.47K and 79.48K over the past 24 hours. Looking at the chart, the descending triangle pattern is clearly visible, and such formations generally have a breakout potential of over 40%. The RSI is at 41, meaning it hasn't entered the oversold zone yet.



Support levels are squeezed between 77.55K and 78.04K, while on the resistance side, I am watching 78.30K and 78.57K. ATR values indicate that the market is still in a tight consolidation — it looks like energy is building up for movement. If we see a close above 78.30K, a parabolic move could be triggered.

It currently feels like a waiting mode. The breakout point of the pattern is approaching, and while the exact direction of the breakout isn't clear, technical indicators suggest something is about to happen.
BTC-1.61%
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