Bitcoin is currently trading inside the horizontal supply zone of a clear Ascending Triangle pattern, facing strong resistance.
The 100MA is also acting as a dynamic resistance just above the price, adding extra selling pressure.
Bullish Scenario:
A decisive breakout above the triangle resistance + 100MA with strong volume would confirm the bullish continuation and open the path for a strong rally.
Bearish Scenario:
Rejection from this supply zone could lead to a pullback towards the lower trendline of the triangle or recent support levels.
Market is at a critical decision point.
Watch for breakout or rejection closely!