Bitcoin consolidating within a 4-hour symmetrical triangle

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Bitcoin is currently consolidating within a 4-hour symmetrical triangle pattern.

Bullish Scenario: A breakout to the upside would require Bitcoin to clear the key supply zone between $103.8K - $105.6K. If this resistance is taken out, bullish momentum could accelerate as indicated by the green pathway.

Bearish Scenario: If Bitcoin fails to hold the current demand zone, a breakdown from the pattern is likely. In this case, the price could decline toward the $77K - $75K demand zone, which aligns with the existing CME gap in that region. The red pathway illustrates this potential price action.

This is not financial advice, but a mere scenario of what could play out based on market structure and order-blocks.

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