Bitcoin Price Squeezed in Ascending Triangle: Is BTC Preparing for a Breakout Toward $108K?

Key Highlights

• Bitcoin price is consolidating after a sharp correction from $126K, forming a clear ascending triangle on the daily chart.

• Higher lows since December indicate steady buying pressure despite sideways price action.

• BTC faces strong resistance in the $94,000–$95,000 zone, with the 100-day MA adding extra overhead pressure near $98K.

• Bitcoin ETF net flows remain mixed, reflecting institutional hesitation rather than aggressive selling.

• A confirmed breakout could open the door toward the $108,000 upside target, based on the triangle’s measured move.

**Bitcoin (BTC) **has entered a consolidation phase after its sharp pullback from October’s all-time highs near $126,000. The correction dragged price toward the $80,000 region in late November, cooling bullish momentum and placing BTC under a key resistance band just below $95,000.

While short-term price action remains choppy and weekly performance is still in the red, a closer look at the daily chart reveals a potentially constructive setup forming beneath the surface. As volatility compresses, Bitcoin appears to be coiling for its next decisive move.

Source: Coinmarketcap

Bitcoin ETF Net Flow Signals Mixed Sentiment

According to CoinMarketCap data, Bitcoin ETF net flows over the past 30 days have remained mixed. Since mid-December, only a handful of sessions have recorded positive inflows, highlighting a lack of aggressive institutional accumulation.

This uneven flow environment reflects market indecision rather than outright weakness. Historically, such phases often coincide with consolidation periods on the chart, as larger players wait for clearer directional confirmation before committing capital.

Source: Coinmarketcap

Ascending Triangle Forms on the Daily Chart

On the daily timeframe, Bitcoin is shaping a classic ascending triangle pattern, a structure typically associated with bullish continuation when confirmed.

The setup is defined by:

• A rising trendline, supporting higher lows since early December

• A horizontal resistance zone between $94,000 and $95,000, where repeated rejections have capped upside attempts

Each pullback toward the ascending support has been met with steady buying interest, indicating that bulls are gradually stepping in at higher price levels. This tightening price action suggests growing pressure beneath resistance.

Bitcoin (BTC) Daily Chart/Coinsprobe (Source: Tradingview)

A recent rejection from the upper boundary pushed BTC briefly below $91,000, but price remains comfortably above the rising trendline. Even a controlled dip toward the $89,800–$90,000 region would keep the broader structure intact and could serve as a healthy reset before the next push higher.

What the Bitcoin (BTC) Chart Signals Next

As long as Bitcoin continues to hold above the ascending support zone near $89K–$90K, the probability of another test of the $94,000–$95,000 resistance area remains high.

However, this zone is not the only hurdle. The 100-day moving average, currently sitting near $98,045, adds an additional layer of technical resistance above the triangle. A decisive daily close above both horizontal resistance and the moving average would mark a confirmed breakout.

If that breakout occurs, the measured move projection of the ascending triangle points toward a potential upside target near $108,000. From current levels, this represents roughly 19% upside, aligning with the projected extension shown on the chart.

Until confirmation arrives, patience is key. Bitcoin remains in a compression phase, and the next major move will likely be driven by a clear resolution of this structure rather than short-term volatility.

Final Outlook

Bitcoin may appear quiet on the surface, but the daily chart suggests a market preparing for expansion. With higher lows steadily forming and resistance repeatedly tested, BTC is approaching a pivotal moment. As long as the ascending trendline holds, the broader technical bias favors a bullish resolution over deeper downside.

Frequently Asked Questions (FAQ)

What is an ascending triangle in Bitcoin price analysis?

An ascending triangle is a bullish chart pattern formed by higher lows and flat resistance, often signaling a potential upside breakout once resistance is cleared.

Is Bitcoin currently bullish or bearish?

Bitcoin is neutral-to-bullish. While price remains range-bound, the formation of higher lows suggests buyers are gradually gaining control.

What resistance level must BTC break to confirm a breakout?

BTC needs a strong daily close above the $94,000–$95,000 resistance zone to confirm a breakout from the ascending triangle.

What is Bitcoin’s upside target if the breakout occurs?

Based on the measured move of the ascending triangle, Bitcoin’s projected target is around $108,000, representing roughly 19% upside.

Do Bitcoin ETF flows impact BTC price direction?

Yes. ETF inflows often reflect institutional demand. Mixed flows indicate consolidation, while sustained inflows can support bullish momentum.

Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.

About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.