BTC/USD – Symmetrical Triangle Forming | Key Breakout Zone near

Bitcoin is currently consolidating within a symmetrical triangle pattern on the 4H chart, with both trendlines converging toward a decision point. Price is hovering just below the resistance line (~$118,900) and holding above key support at ~$116,968.

📊 Key Levels:

Resistance: $118,916 (triangle top / horizontal resistance)

Support: $116,968 (horizontal support)

EMA 50 (4H): $117,550 – currently acting as dynamic support

📉 RSI (14): Hovering near 50, indicating neutral momentum — awaiting confirmation of breakout direction.

A breakout above the descending trendline could trigger bullish momentum, while a break below the rising support may indicate further downside. Watch for volume confirmation on the breakout.