Bitcoin’s Squeeze: Will a Breakout Occur or a Rejection?

Bitcoin is currently facing pressure between a 50-week EMA (exponential moving average) and a descending trendline. This dynamic creates tension as traders anticipate a potential breakout in either direction. The price action near $84,000 and the upper boundary of the descending triangle could define the next major move. Currently, market indecision is evident as the consolidation between $72,000 and $85,000 continues.