BTC Coiling Below $71.3K — Ascending Triangle in Play

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BTC Coiling Below $71.3K — Ascending Triangle in PlayBitcoin / TetherUSBINANCE:BTCUSDTTheDukeOfCryproResistance being tested repeatedly: $71.3K acting as a clear ceiling with multiple taps — pressure building beneath. Higher lows forming: Price respecting an upward trendline from ~$67.3K → bullish structure developing. Momentum shift: 21/8 EMAs have crossed bullish, with buying volume stepping in off the lows. Break setup forming: Looks like an ascending triangle — Break above $71.3K → continuation Failure → back toward $69K liquidity In Summary Bitcoin is compressing beneath the $71.3K resistance level while forming higher lows, creating a potential ascending triangle structure. Repeated tests of resistance suggest building pressure, supported by a bullish EMA crossover and increased buying volume from the lows. Momentum is gradually shifting in favour of buyers, but confirmation is still required. A breakout above $71.3K would likely trigger continuation higher, while failure to break could lead to a pullback toward the $69K area.