Bitcoin (BTC) Price Watch: Watch This Triangle for Directional Clues

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Bitcoin (BTC) Price Watch: Watch This Triangle for Directional Clues

Bitcoin Price Key Highlights

  • Bitcoin price is still stuck in consolidation, forming higher lows and lower highs inside a symmetrical triangle on the short-term chart.
  • Price is approaching the peak of this formation so a breakout might be due soon, providing longer-term directional clues.
  • Technical indicators are giving mixed signals, although there seems to be some bearish pressure in play.

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