Bitcoin on an Uptrend: Ascending Triangle Indicates Imminent Breakout

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Bitcoin charts are painting a very interesting scenario for those who follow closely. The ascending triangle pattern that recently formed shows something quite significant: higher lows repeatedly encountering resistance at progressively higher levels. This compression between support and ceiling is classic demand for a move.

The divergence in the weekly RSI is the detail that makes analysts raise their eyebrows. The downward momentum is losing strength while the price continues testing its resistances. When you see this kind of mismatch, it usually means the next move will come from above.

On the institutional side, the situation is heating up. Corporate companies increasing their allocations in Bitcoin, a move that was previously taboo, has now become standard. Alongside this, there is a growing flow of capital fleeing traditional gold positions toward digital assets. This portfolio re-pricing historically precedes significant speculative movements.

The ascending triangle combined with these technical indicators and structured capital inflow creates a scenario where breaking the resistance is no longer a possibility but an expectation. Support levels are well defined, so the risk remains controlled for those looking to position themselves ahead of this pattern.

BTC1,55%
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