$BTC Price has formed an ascending triangle.

This pattern, when observed within an uptrend, normally acts as a continuation pattern.

However, this is more of a rule of thumb and shouldn’t be taken too literally.

In practice, this pattern only has predictive value once a breakout in either direction occurs.

In this case, volume already supports the patterns validity, as it has been declining.

Now, if we break out to the upside, I’m expecting a sweep of the local top around 67k.

If we instead break below the support line, this will likely mark the end of the uptrend we’ve seen over the past few weeks and bring price back below 60k.

Will be interesting to see how this one plays out.