BTCUSD Forming Ascending Triangle – Compression Near 68,100

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BTCUSD Forming Ascending Triangle – Compression Near 68,100Bitcoin / U.S. dollarBITSTAMP:BTCUSDk7m7vzworj2Bitcoin on the 15-minute timeframe is consolidating within a tightening structure, forming what appears to be an ascending triangle. Price continues to print slightly higher lows while facing horizontal resistance near 68,150 – 68,250. Current price action around 68,070 suggests compression before a potential expansion phase. If price establishes acceptance above 68,250, upside levels to monitor include: 68,800 69,050 69,400 Extended zone near 69,800 The measured move projection from the triangle structure also aligns with the 69,300 – 69,500 region. However, if price fails to hold the rising support trendline (currently near 67,850 – 67,900), downside levels may include: 67,450 67,000 66,500 The broader short-term structure remains constructive while price trades above 67,800.