Bitcoin (BTC) Price Watch: Can Bulls Defend the Triangle Bottom?

Bitcoin Price Key HighlightsBitcoin is still inside its descending triangle visible on the daily chart.
Price is testing support and is approaching the peak of the formation to signal an imminent breakout.
Technical indicators appear to be favoring a downside move and a selloff.Bitcoin is testing the bottom of its descending triangle on the daily chart and could be due for a breakout soon.
Technical Indicators Signals
The 100 SMA is below the longer-term 200 SMA to signal that the path of least