Bitcoin: Ascending Triangle Breakout Confirmed
Bitcoin breaks ascending triangle at $78006.06 as EMA50 holds $67143.72 support with RSI at 94.71 and MACD golden cross intact.
SourceAnalysis
Bitcoin has broken out of its ascending triangle on the daily chart, trapping sellers who faded the false breakdown and confirming the bottom reversal right now.
Price sits at $78006.06 testing upper Bollinger resistance at $77948.82 while RSI(14) prints 94.71 overbought and MACD registers a 3102.72 golden cross; with the 50-EMA concrete support at $67143.72 and 200-EMA at $64885.68, a healthy retracement to that EMA50 level looks probable before continuation. BTC price prediction models and Bitcoin technical analysis both flag this structure as the final shakeout before sustained upside, separate from any crypto market crash narrative.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.
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