Technical analysis by melikatrader94 about Symbol BTC: Sell recommendation (5/17/2025)

Hello guys!Bitcoin is consolidating in a symmetrical triangle pattern near a key resistance zone after a strong uptrend within the ascending channel. The price is trading just below the triangle’s top line, indicating a potential breakout or breakdown setup.✔ Key Scenarios:👀 Scenario 1 – Bullish Breakout:If BTC breaks above the top of the triangle, we could see a sharp move upward toward the $106K resistance zone and potentially higher.This would signal trend continuation and strength in the bullish momentum.👀 Scenario 2 – Temporary Pullback (Triangle Breakdown):If BTC breaks the bottom of the triangle, the price might fall toward the $99,715 support level.This zone is also aligned with a previous consolidation and could serve as a strong demand area.A bullish reversal from this area is likely, providing another long opportunity targeting the same $106K resistance.Conclusion:Bitcoin is moving in a tightening range. A breakout from the triangle will dictate the next move. For clearer direction, traders should watch for a decisive move above or below the triangle structure.The triangle is broken from the top line!