Bitcoin Price Prediction: BTC Eyes $125K Breakout as Triangle Squeeze Tightens
After a powerful multi-week rise from below $95,000, Bitcoin price today is consolidating near $120,200 inside a maturing symmetrical triangle. The structure suggests compression ahead of a volatility breakout, with the apex nearing on the 4-hour chart. Momentum is holding firm above key exponential moving averages, keeping bulls in control for now.
What’s Happening With Bitcoin’s Price?
The 4-hour chart shows Bitcoin price action stabilizing between converging support and resistance trendlines. The triangle pattern began forming after the breakout candle above $100,000 and has persisted despite multiple failed breakout attempts near $121,500. Notably, the 20/50/100/200 EMA cluster remains stacked below the current price, with the 20 EMA providing consistent dynamic support near $118,600.
The rising On-Balance Volume (OBV) further supports the bullish case, as buying pressure has remained steady throughout the compression phase. A breakout above the $121,800–$122,000 upper triangle resistance could unlock the next leg higher, with volume confirmation critical for validation.
The post Bitcoin Price Prediction: BTC Eyes $125K Breakout as Triangle Squeeze Tightens appeared first on Coin Edition.
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Bitcoin Price Prediction: BTC Eyes $125K Breakout as Triangle Squeeze Tightens
After a powerful multi-week rise from below $95,000, Bitcoin price today is consolidating near $120,200 inside a maturing symmetrical triangle. The structure suggests compression ahead of a volatility breakout, with the apex nearing on the 4-hour chart. Momentum is holding firm above key exponential moving averages, keeping bulls in control for now.
What’s Happening With Bitcoin’s Price?
The 4-hour chart shows Bitcoin price action stabilizing between converging support and resistance trendlines. The triangle pattern began forming after the breakout candle above $100,000 and has persisted despite multiple failed breakout attempts near $121,500. Notably, the 20/50/100/200 EMA cluster remains stacked below the current price, with the 20 EMA providing consistent dynamic support near $118,600.
The rising On-Balance Volume (OBV) further supports the bullish case, as buying pressure has remained steady throughout the compression phase. A breakout above the $121,800–$122,000 upper triangle resistance could unlock the next leg higher, with volume confirmation critical for validation.
The post Bitcoin Price Prediction: BTC Eyes $125K Breakout as Triangle Squeeze Tightens appeared first on Coin Edition.
Read More