$BTC Price is currently trying to break out of the ascending triangle / double bottom.

The last time we saw this pattern after a leg down, a 20% pump followed shortly after the breakout.

The technical target of this formation is around 70k, which sits right inside a daily imbalance.

One of my favored scenarios at the moment is a move higher followed by a rejection from that imbalance.

That said, I’d much rather see this breakout happen next week than over the weekend.

Weekend breakouts tend to be less reliable and have a higher chance of being a fakeout.

BTCUSDT

Perp

66,385.1

+1.77%