Crypto analyst Ali Martinez says Bitcoin may be coiling up for a sizable move after trading inside a classic technical pattern: a symmetrical triangle. In a recent post on X, Martinez flagged BTC’s behavior inside a triangular consolidation channel on the 1-hour chart. Triangles form when two trendlines converge — one acting as support, the other as resistance — and price oscillates between them until a breakout. The expected size of that breakout is typically measured by the height of the triangle at its widest point, and Martinez estimates this one could produce about a 15% move. There are a few triangle varieties: an ascending triangle has a flat resistance line with rising support, a descending triangle has flat support with falling resistance, and a symmetrical triangle — like the one Martinez identified — has both trendlines sloping toward each other at roughly equal angles. Symmetrical triangles are neutral by design: they carry roughly equal odds of breaking higher or lower. On the 1-hour chart Martinez shared, BTC bounced off the triangle’s lower boundary shortly before his post but then slipped back and dropped below the support line — a sign that a downside breakout may be underway. If the pattern follows textbook rules, the breakout could unfold by roughly the triangle’s maximum height, which is where the 15% figure comes from. That would imply meaningful downside risk from current levels; Bitcoin was trading near $66,300 after the recent move. Still, traders should remember symmetrical triangles are inherently two-sided, and breakout direction must be confirmed by subsequent price action and volume before targets are treated as probabilities rather than possibilities. Read more AI-generated news on: undefined/news

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