Bitcoin’s Triangular Tango: Will a 15% Move Come Crashing In?

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One might say Bitcoin, that capricious rogue of a currency, has wandered into a bit of geometric mischief-nestled inside a triangle, as proper as a teapot in a drawing-room and twice as melodramatic.

In a breezy missive on X, the analyst Ali Martinez has sketched out the scene with more precision than a tailor at a weddings, arguing that Bitcoin has been playing hostess to a Triangle-a snug little consolidation channel that promises a dash of ~15% if the stars align and the tea kettle whistles just right.

The thing, dear reader, is a pair of trendlines that flirt and converge. The lower line acts as the steadfast friend, offering support, while the upper one does the part of the fretful aunt, resistance by nature and by habit. A breakout beyond either bound could nudge the price in that particular direction, like a gentleman caller who knows when to sally forth.

Triangles come in several guises depending on how the lines cavort with the axes. An Ascending Triangle wears the upper line to the time-axis like a hat on a head; a Descending Triangle does the same with the lower line. When the slopes meet in a courteous quarrel, you have a Symmetrical Triangle. The one Martinez has in view bears the closest resemblance to this very specimen.

Below is a chart that shows the hourly price tango inside the pattern at the moment of the missive.

As the graph cheekily reveals, the one-hour Bitcoin price had a bounce from the lower edge shortly before the post. Since then, however, BTC has taken a bit of a nosedive, slipping below the support line. Could this be the prelude to a breakout, or merely a mischief of the markets?

In the post, Martinez suggested that the Triangle could set up a potential 15% move for the asset. The logic, if one is inclined to indulge it, is that breakouts tend to mirror the height of the channel at the point where the lines are far apart.

If the latest price drop is indeed a breakout signal, that 15% move might come careering in the downward direction. Symmetrical Triangles typically boast roughly equal chances of breaking out up or down, since the bias is evenly balanced. This time, it would appear the bearish side is leaning in for a visit to Bitcoin.

BTC Price

Bitcoin has slid to around $66,300 after a wobble of one day, which is about the economic equivalent of tripping over the doormat and pretending it was deliberate.

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2026-02-19 14:30