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by: xpoolPosted on: June 5, 2025

Bitcoin at $105K: Triangle Formation Hints at Breakout

Bitcoin trades near $105,420, locked in a symmetrical triangle pattern. While the 50-day moving average (50MA) offers support just below current levels, the formation suggests indecision as traders wait for confirmation of a breakout or breakdown. The triangle’s tight structure is building tension as price action remains trapped between resistance near $108,000 and support above $102,000.

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#BTC Bitcoin Cryptocurrency Triangle Pattern

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