Bitcoin rises 2.4% to $64.3K, approaching a potential breakout from a six-week symmetrical triangle formation.
Bitcoin climbed 2.4% to $64.3K on Monday, reaching the upper boundary of a six-week symmetrical triangle pattern. The move signals growing momentum as traders watch for a potential breakout or reversal in the near term.
The pattern has formed over the past six weeks, with BTC consolidating within converging trendlines. A break above $64.3K could target higher resistance levels, while a failure may lead to a pullback toward support.
Analysts note the triangle’s narrowing range often precedes volatile moves, though direction remains uncertain until a clear break occurs.