BTCUSD Analysis – Breakout from Triangle Pattern

BTCUSD Analysis – Breakout from Triangle Pattern (as of May 18, 2025)
📌 Chart Pattern Observed:

BTCUSD has just broken out of a symmetrical triangle, which had formed over the past several sessions.
The breakout is on the bullish side, indicating a potential upward momentum.
The breakout has been supported by rising lows and consolidation near the triangle apex.

🎯 Key Entry Zone:

Marked between $102,000 – $103,000 range.
Ideal accumulation or re-entry area during pullback after the breakout.

🎯 Upside Targets as per Fibonacci & Swing Projections:

Target 1: $113,000 (Clearly marked as "TARGET 1" in the chart)
Target 2: $117,000 (Labeled "TARGET 2")
Final Target: $121,172 (Labeled "FINAL TARGET")

🔄 Reverse Target Zones (Bearish Case if Failed):

If the breakout fails or BTCUSD closes back below $102,000 with strong volume, potential downside zones are:
$97,363
$96,256
$89,493 (Final Support Zone)

🧠 Summary:

Trend: Bullish breakout confirmed.
Strategy: Look for a retest of the breakout zone (around $103,000) for entry.
Bias: Long, as long as price holds above $102,000.



⚠️ Disclaimer:
This analysis is for educational and informational purposes only and does not constitute financial advice. Trading in cryptocurrencies involves substantial risk and may not be suitable for all investors. Always perform your own due diligence before making any trading decisions.