Ali Charts: Bitcoin Symmetrical Triangle Break Could Trigger 10% Move

Bitcoin may be nearing a breakout as it trades within a symmetrical triangle pattern, according to crypto analyst Ali Charts. According to ChainCatcher, the analyst identified resistance at $63,000 and support at $61,000, saying the range could determine the next directional move. Ali Charts said a confirmed hourly close outside this band could release momentum and potentially lead to about a 10% price expansion. The analyst added that traders should watch volume changes near the range boundaries for early signs of a sustained breakout.