Bitcoin’s Big Move Is Coming: Will It Be $100K or $75K?

Bitcoin (BTC) is nearing the end of a six-week consolidation phase. The asset has been moving within a tight symmetrical triangle, and traders are now watching for a breakout or breakdown. As of press time, it is trading at around $88,500, showing a slight rise over the last 24 hours.

Price Structure Signals Pressure Build-Up

For the past month and a half, Bitcoin has been forming a symmetrical triangle, which reflects a balance between buyers and sellers, with the range narrowing each week. The current setup indicates that the price is approaching a point where this balance will end, likely with a sharp movement in either direction.