triangle

Crypto analyst Ali Charts posted that Bitcoin is about to break through. Currently, attention is focused on the symmetrical triangle structure forming for BTC, with resistance at $63,000 and support at $61,000. This range will determine the direction of the next move. If BTC effectively closes outside this range on the hourly chart, a price expansion of about 10% may be triggered as momentum is released. It is essential to closely monitor the volume changes near the boundaries of this range to capture early signals of a sustained breakout.

Famous trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, stated yesterday that Bitcoin is currently forming an expanding triangle pattern, which is relatively common and usually reliable in Bitcoin's history, with a target based on projecting the height of the pattern from the breakout point.According to the measurement rules for the expanding triangle: Target = height of the pattern projected downward from the breakout point. The attached diagram shows a widening triangle (with the upper and lower bounds gradually diverging). The breakout point is roughly around $74,000 (marked as 74,395 in the diagram), and after projecting the height of the pattern (from the highest point to the lowest point of the widest part of the triangle), the arrow points to the area around $56,000.

Matrixport released a chart today stating that during the last cycle, Ethereum attracted incremental funds due to expectations of expansion in the smart contract platform ecosystem and the narrative of "programmable money," driving prices up rapidly from 2020 to 2021; at the peak of sentiment in 2021, the market once had expectations of reaching $10,000. However, the trend did not continue upward.After retreating from its high, Ethereum entered a long-term consolidation phase, generally moving within a large triangular consolidation range. Over the past few years, the price has primarily fluctuated within this range, with no significant trend. Structurally, the price has attempted to break out of the range twice (once downward and once upward), but neither attempt was sustained, and it quickly returned to the range. Until a direction is confirmed, the market will remain primarily in a state of fluctuation. The current triangular formation is clearly converging, with the price's operating space continuously compressing, and the structure is approaching its conclusion.As this long-term consolidation gradually comes to an end, 2026 may become a key window for Ethereum to complete its directional choice and enter the next phase of movement.

ChainCatcher news, cryptocurrency research institution 10x Research has released a latest report stating that ETH is currently testing the upper boundary of a large triangle pattern. If the breakout is successful, the price is expected to first reach the 2024 high of $4092 and may further challenge the all-time high of $4812.The institution stated that the prediction of Paul Atkins potentially being appointed as the next SEC chairman seems to be coming true, and it is expected that under his leadership, a more favorable regulatory environment for the cryptocurrency industry will be created.

ChainCatcher news, the Web3 wallet infrastructure platform Triangle has been acquired by the stablecoin payment platform Bridge. As part of the deal, the Triangle team will join Bridge to help build a scalable stablecoin system. The financial details of the transaction have not been disclosed.Previous news, Stripe acquired the stablecoin platform Bridge for $1.1 billion, marking the largest acquisition deal in the crypto space.

ChainCatcher news, according to The Block, Notcoin, 1inch, and the proof protocol Sign supported by Sequoia have collaborated to launch a new startup accelerator for the Telegram and TON crypto ecosystem.The accelerator program, named Triangle, aims to attract developers looking to build on Telegram and TON. The project particularly seeks to support those who want to improve TON UX, develop popular "click-to-earn" mini-programs, and launch "consumer applications that connect Web2 and Web3." Triangle's vision is to enable millions of people to seamlessly and friendly join Web3.