Bitcoin is showing signs of a potential breakout as price prediction models highlight an ascending triangle pattern. This formation, characterized by rising lows and tested resistance levels, indicates stronger buying pressure. Institutional interest, notably from Michael Saylor's firm, further supports the bullish outlook. Additionally, a shift from gold investments to Bitcoin could enhance speculative inflows. The weekly RSI divergence suggests diminishing downside momentum, reinforcing the possibility of an upward move.
Bitcoin Poised for Breakout as Ascending Triangle Forms
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