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BTC (Bitcoin) is currently oscillating within a symmetrical triangle pattern, indicating market indecision and volatility compression.
The price is now hovering around the 100-day Exponential Moving Average (EMA), which serves as a key support zone. Neither bulls nor bears have gained a clear advantage yet.
If the price breaks above the upper trendline (around 59.5-60%), it will confirm Bitcoin's strength and may exert pressure on altcoins. Conversely, if the price falls below the lower trendline (around 58.5%), it will indicate a weakening of Bitcoin's dominance, creating opportunities for altcoin expansion. As the price range narrows, the market may soon see a decisive move.
Analysis: The big move is coming! Up or down?