List of Flash News about triangular consolidation
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11:29 |
Bitcoin Nears Key Triangular Consolidation Level: 2025 Price Action Echoes 2016-2017 Patterns
According to Trader Tardigrade, Bitcoin is approaching the tip level of its previous triangular consolidation pattern, a significant technical resistance point. The current $BTC price movement closely mirrors the bullish breakout phase seen in 2016-2017, which historically led to substantial upward momentum (source: Trader Tardigrade on X, April 28, 2025). Traders should monitor for a confirmed breakout above this consolidation tip, as this has previously signaled sustained rallies. Key levels and historical pattern analysis suggest potential for continued upside through 2025 if the breakout holds (source: Trader Tardigrade). |