Bitcoin's been hanging out in an ascending triangle pattern on the 8-hour chart. The setup looks textbook — each dip finding support higher than the last, with that rising trendline sitting around $86k to $86.5k acting as a safety net.

Here's the thing though: price action is still trapped beneath both the 50-period moving average and the Ichimoku Cloud. These two are teaming up as pretty solid overhead resistance right now. Not exactly bullish when you're stuck under that combo.

The real test? That $92k–$93.5k zone up top. It's packed with resistance, and breaking through won't be easy. Until we see a decisive move above these levels, BTC's basically playing the waiting game inside this pattern.