Analyst: Bitcoin is in a symmetrical triangle range of $61,000 to $63,000, and a breakout could trigger a 10% volatility

By: rootdata|2026/06/12 04:45:01
0
Share
copy

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.

-- Price

--

You may also like

Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena

Overview of Important Market Events on June 10

Bitcoin Layer 2 Network Botanix: Why Did We Choose to Dissolve?

The Bitcoin L2 star project Botanix announced a gradual shutdown, with the team admitting to facing severe challenges from the failure of its business model and the prevailing trends. Users are urged to withdraw all assets before July 9, 2026.

Why did Oracle deliver the strongest financial report in history, yet its stock price fell?

Oracle's revenue for fiscal year 2026 set a record, with AI cloud orders soaring to $638 billion, but massive capital expenditures on computing power led to negative free cash flow, causing a 5% drop in after-hours stock prices.

When the P2P illicit funds from ten years ago turned into 60,000 bitcoins

The largest Bitcoin money laundering case in the UK has new developments: 16,000 Chinese victims are pursuing 61,000 seized Bitcoins across borders, and the dispute over the applicability of UK and Chinese laws will directly determine whether the victims can share in the soaring profits.

Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?

How to reconstruct the prediction market using leverage?

Galaxy in-depth report: Is Solana still worth paying attention to?

Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com