Bitcoin About to "Break"? Triangle volume and the standoff between two resistance levels $93K - $88K

According to the latest data, Bitcoin is currently trading at $96.88K and continues to form a triangle pattern on the price chart. This is not an ordinary pattern – the volume of this triangle is accumulating selling pressure, signaling that the market is about to enter a decisive phase. The price levels of $93,000 and $88,000 are attracting the community of traders as “lifeline lines” – where a break of Bitcoin will determine the next trend.

Triangle – Accumulation Signal in Progress

Looking at the daily chart, Bitcoin’s triangle pattern is very clear. The price continuously forms lower highs while the lows remain stable, creating a price compression zone. This is a continuation triangle – a classic technical indicator signaling a significant volatility ahead.

The volume in this triangle clearly shows pressure building at the bottom. Each time the price hits support levels, buying reappears, but not strong enough to trigger a strong rally. This indicates that the market is waiting for a clear signal – whether upward or downward.

Two Key Resistance Levels: $93,000 and $88,000

The reason traders focus on these two price levels is simple – they are areas where buyers have previously intervened strongly.

$93,000 is just below the current price. If Bitcoin drops here, it’s only a slight correction of about 2%. However, if support cannot hold at this level, selling pressure will increase.

$88,000 is the “last line.” Once Bitcoin falls here, the market will need to recover about 7% from the current price. This is when large investors will have to make strategic decisions.

Broader Context – When Crypto Matures

Interest from institutional funds in Bitcoin and crypto in general is increasing. This not only creates stability but also complicates market dynamics. This triangle pattern is forming precisely at a time when analysts are deeply evaluating macroeconomic factors – from Federal Reserve decisions to global economic variables.

Bitcoin is no longer just a standalone asset. Its increasingly close correlation with traditional financial markets means technical analysis is only part of the bigger picture.

What’s Ahead?

Bitcoin is at a critical juncture. The volume of this triangle continues to compress, and this pattern will break in the coming weeks – whether upward or downward. The levels of $93,000 and $88,000 will be where traders set stop losses, take profits, and make strategic trading decisions.

Whether a strong breakout or a retest of lower support zones, these technical areas will remain central. Market participants need to be prepared for both scenarios and always manage risk/reward ratios carefully.