Bitcoin (BTC) Price Watch: New Triangle Pattern Forming

Bitcoin Price Key HighlightsBitcoin price has formed higher lows and found resistance at the $7,700 level to create an ascending triangle.
Price is testing the top of the triangle and might be due for a move back to support.
Technical indicators are suggesting that support might continue to hold and lead to another bounce to the top.Bitcoin price is consolidating inside an ascending triangle pattern and is testing the top.
Technical Indicators Signals
The 100 SMA is above the longer-term 200 SMA