Bitcoin Approaches Potential Breakout Within Descending Triangle Between $100K and $109.5K

Key Points

1. Bitcoin's price is consolidating in a descending triangle pattern, with resistance near $109,553 and support at $100,746.

2. Recent price rejections near $108,000 and liquidity sweeps below $100,746 highlight the ongoing battle between bullish and bearish forces.

3. The approaching apex of the triangle increases the likelihood of a breakout, with volume trends supporting this potential move.

4. A decisive move above $109,500 could indicate bullish continuation, while a breakdown below $100,700 might trigger a bearish extension.

5. Traders should monitor the narrowing price range and volume trends for a clear directional signal.