Bitcoin (BTC) has recently formed a classic triangle pattern on its chart, signaling a potential major price move and heightening tension among market participants.
According to NewsBTC on February 19 (local time), cryptocurrency analyst Ali Martinez stated that “Bitcoin is currently trading within a symmetrical triangle pattern,” adding that it “could soon lead to a strong price movement of around 15%.” A triangle pattern represents a typical consolidation phase in which prices compress within a specific range. When a breakout occurs either above the upper resistance line or below the lower support line, the price tends to surge strongly in that direction.
Based on the one-hour chart shared by Martinez, Bitcoin attempted to rebound near the lower support line of the symmetrical triangle but recently fell back below it, showing signs of a potential downside breakout. While a symmetrical triangle theoretically presents equal probabilities of upward or downward breakout, the current price action suggests that selling pressure is gaining the upper hand. If this decline is confirmed as a definitive breakout from the pattern, an additional drop of approximately 15%—equivalent to the widest range of the triangle—may follow.
Bitcoin’s price has continued to decline over the past day. The current trading level is roughly half of its all-time high of $126,000 recorded last October, indicating that investor sentiment has become extremely subdued. Some market observers warn that if the anticipated 15% move materializes to the downside, Bitcoin could undergo further correction into the mid-$50,000 range.
The broader macroeconomic environment is also not particularly favorable for Bitcoin. Although political interest remains, with Eric Trump maintaining his $1 million Bitcoin projection and criticizing traditional finance, actual capital flows tell a different story. Inflows into spot Bitcoin ETFs have slowed, and capital has been exiting the altcoin market, reflecting instability. Whether major holders such as Strategy engage in additional accumulation is expected to be a key factor in defending current support levels.
Bitcoin now stands at a technical crossroads, and the impending 15% price swing is likely to serve as a milestone determining market direction for the coming months. If a downward breakout is confirmed, investors should focus on risk management in preparation for further declines. Conversely, if strong dip-buying emerges and pushes the price above resistance, a dramatic reversal rally could unfold. Investors worldwide are closely watching Bitcoin’s next move as it approaches the apex of the triangle pattern.
*Disclaimer: This article is for investment reference only and we are not responsible for any losses resulting from investment decisions based on it. The content should be interpreted for informational purposes only.*  <저작권자 ⓒ 코인리더스 무단전재 및 재배포 금지>
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