According to Crypto Rover, Bitcoin is currently exhibiting a textbook ascending triangle pattern, which is widely recognized by traders as a bullish continuation signal (source: Crypto Rover Twitter, April 30, 2025). This technical formation suggests a potential for a breakout above current resistance levels if buying volume increases. Traders may closely monitor support and resistance lines for entry and exit points, as ascending triangles historically precede upward price movements in cryptocurrency markets.

According to Trader Tardigrade (@TATrader_Alan), Bitcoin has formed an ascending triangle pattern on the H4 chart, indicating a bullish setup with a potential breakout level approaching. The analysis suggests that if Bitcoin breaks above the resistance, the price could rapidly target the $99,000 level. This chart pattern is commonly associated with strong upward momentum, making it a critical formation for traders to watch for entry and exit points. Source: Trader Tardigrade on Twitter, April 30, 2025.