BTC/USD: Volume-Backed Breakout Signals $77,050Bitcoin / US DollarCOINBASE:BTCUSDtimothysmith78Bitcoin (BTC/USD) popped 7% on Wednesday, boosted by news that the U.S. Securities and Exchange Commission (SEC) has proposed a new compliance framework aimed at improving liquidity and crypto markets by offering more structured guidance for digital asset offerings. Taking a closer look at the pioneer cryptocurrency's chart, the price staged a decisive breakout above a multi-month trendline and a textbook ascending triangle pattern. Importantly, the bullish move registered the highest trading volume on Coinbase since early June, helping to create a short squeeze and potential for follow-though buying. Traders can project where Bitcoin's price may be headed next using the measured move technique. To apply the analysis, we calculate the percentage change of of the ascending triangle and apply it to the pattern's top trendline. This forecasts a target of $77,050 (applying 15% to $67,000), about 11% above the cryptocurrency's current trading levels.