BTC Technical Analysis
On the BTC side, the annual close coming with a touch of the ascending main trend shows that the structure is still strong. After this close, the price has been squeezed into an “ascending triangle” between the descending trend coming from above and the rising trend coming from below. The range of movement is gradually narrowing and volatility is decreasing, which clearly indicates that a decision zone is approaching.
Within the current structure, the lower trend of the triangle continues to be preserved. This trend has limited downside attempts so far and stands as a critical threshold for the structure not to break. As long as the price stays above this region, the possibility of an upward breakout from the consolidation remains on the table.
On the upside, the 93,000 region corresponds to the upper trend of the triangle and stands out as the main threshold that needs to be exceeded in the short term. Sustained price action above this area would indicate that the consolidation has ended and that the price can transition into a wider range. In this scenario, the main target zone highlighted on the chart becomes the 97,000 band.
In summary, BTC is still within the main ascending structure and is searching for direction inside a narrowing triangle in the short term. As long as the lower trend is preserved, the structure remains valid and the upside potential stays open. The decision zone is clearly forming between the 93,000 – 97,000 band. A break above 93,000 would indicate that Bitcoin has moved into a higher range.
These analyses, which do not provide investment advice, focus on support and resistance levels that are thought to create short- and medium-term trading opportunities depending on market conditions. However, the responsibility for trading and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop loss for the positions shared.
