Bitcoin Consolidating In A Triangle—Is A 15% Move Next?

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A cryptocurrency analyst has highlighted how Bitcoin has been trading inside a Triangle that could set up a 15% move for the asset. Bitcoin Is Potentially Consolidating Inside A Symmetrical Triangle In a new post on X, analyst Ali Martinez has talked about a technical analysis (TA) pattern that Bitcoin has been trading inside recently. The pattern in question is a “ Triangle ,” which is a type of consolidation channel that, as its name suggests, has a triangular shape. Related Reading Bitcoin Bearish Momentum Losing Steam? Analyst Flags Key Metric 17 hours ago The pattern is characterized by two converging trendlines. The lower of these is considered likely to be a point of support for the price, while the upper one that of resistance. A break out of either of these bounds can imply a continuation of trend in that direction. Triangles can be of a few different types based on the orientation of the trendlines with respect to each other and the graph axes. In an Ascending Triangle, the upper level is parallel to the time-axis. Similarly, the lower level being parallel creates a Descending Triangle. When both trendlines approach each other at a roughly equal and opposite slope, the pattern formed is known as a “ Symmetrical Triangle .” The Triangle shared by Martinez that Bitcoin has been trading inside is the closest to this type. Below is a chart that shows the trajectory in cryptocurrency’s hourly price inside the pattern at the time of the post. Looks like the price of the coin bounced off the lower level most recently | Source: @alicharts on X As is visible in the graph, the 1-hour Bitcoin price found a bounce from the lower level of the triangular channel shortly before the post. Since then, however, BTC has seen some decline, which has taken it below the support line. This could be a potential indication that a breakout is occurring. In the post, Martinez had noted that the Triangle could set up a potential 15% move for the asset. This figure is based on the fact that Triangle breakouts are generally assumed to end up being of the same length as the height of the channel at the point where the trendlines are the furthest apart. Related Reading Bitcoin Accumulation Notably Weaker Than Nov 2025 Bounce: Glassnode 1 day ago If the latest price drop indeed reflects a break out of the pattern for Bitcoin, then this 15% move could possibly follow to the downside. Symmetrical Triangles tend to have an equal probability of a breakout occurring in either direction, since there is roughly an equal bias both up and down. This time, however, it would appear that the bearish direction might be the one in store for BTC. BTC Price Bitcoin has dropped to the $66,300 mark following its drop over the past day. The trend in the price of the coin over the last five days | Source: BTCUSDT on TradingView Featured image from Dall-E, chart from TradingView.com