Bitcoin is forming an ascending triangle pattern near $110,000, with higher lows around $107,500 and resistance at $115,000. A breakout above $112,000 could signal a push toward a new all-time high, supported by stable volume and liquidity in the market.
Bitcoin’s ascending triangle holds key support at $107,500, building momentum for potential upside.
The pattern features consistent higher lows and a flat resistance line at $115,000, indicating building buyer pressure.
Trading volume remains steady at $32.53 billion over 24 hours, with market cap at $2.2 trillion and RSI showing neutral momentum.
Discover Bitcoin’s ascending triangle near $110K and the $112K breakout potential for new highs. Stay informed on BTC trends with expert analysis—explore now for investment insights.
What is Bitcoin’s Ascending Triangle Pattern Near $110,000?
Bitcoin’s ascending triangle pattern near $110,000 represents a bullish continuation setup where the price forms higher lows while testing a horizontal resistance level. This structure, visible on the four-hour chart, suggests accumulating buyer interest as BTC maintains support above $107,500. Currently trading at around $110,315, the pattern points to potential upward movement if resistance at $115,000 breaks.
Bitcoin $BTC appears to be forming a triangle. A retest of $107,500 support could come before another push toward $115,000 resistance. pic.twitter.com/unv0cYF0L4
— Ali (@ali_charts) November 2, 2025
How Does a $112,000 Breakout Impact Bitcoin’s Path to New All-Time Highs?
A breakout above $112,000 in Bitcoin’s price could confirm the ascending triangle’s bullish resolution, potentially driving BTC toward $120,000 or higher. Analysts, including those from TradingView contributors like Ali Charts, note that this level acts as a critical threshold where increased buying volume might overwhelm sellers. Supporting data from market trackers shows BTC’s 24-hour trading volume at $32.53 billion, down 19.99% but still indicative of sufficient liquidity to sustain a rally. The relative strength index (RSI) hovers in neutral territory around 50, avoiding overbought conditions that could lead to pullbacks. Expert observations from platforms like CoinMarketCap highlight that a successful breach would align with broader market stability, where Bitcoin’s market capitalization stands firm at $2.2 trillion. This setup, combined with higher lows since rebounding from $108,000, underscores controlled volatility—averaging under 2% daily—and positions $112,000 as a pivotal point for retesting previous peaks. If support holds above $107,200, the path to new all-time highs becomes more probable, with resistance zones at $113,800 and extending to $119,900. Market participants remain vigilant, as steady inflows from institutional traders bolster the base, per reports from financial data providers.
Source: CoinMarketCap
The volume-to-market cap ratio of 1.44% reflects robust trading activity without excessive speculation, keeping short-term fluctuations in check between $109,940 and $111,000. This equilibrium supports the ascending triangle’s integrity, as buyers defend key levels effectively.
Frequently Asked Questions
What Support Levels Should Bitcoin Holders Watch in the Ascending Triangle Pattern?
Bitcoin holders should monitor the $107,500 support level closely, as it forms the base of the ascending triangle and has held during recent rebounds. A drop below this could signal a temporary pullback, but current data from exchanges shows strong liquidity preventing breaches, maintaining the bullish structure for potential gains above $110,000.
Is Bitcoin Poised for a Breakout Above $112,000 Soon?
Yes, Bitcoin appears poised for a breakout above $112,000 if trading volume sustains its current stability and buyers push past resistance. Analysts like Michael van de Poppe emphasize that this level, combined with neutral RSI readings, sets the stage for upward momentum toward new highs, ideal for voice searches on market trends.
Source: MichaelvandePoppe(X)
Key Takeaways
- Ascending Triangle Formation: Bitcoin’s pattern near $110,000 signals building bullish pressure with higher lows at $107,500.
- Breakout Threshold: Clearing $112,000 could propel BTC to $115,000 resistance and beyond, backed by $32.53 billion in daily volume.
- Market Stability: Neutral RSI and 1.44% volume ratio suggest controlled conditions—monitor for retests to inform trading decisions.
Conclusion
Bitcoin’s ascending triangle near $110,000, coupled with the potential $112,000 breakout, highlights a market ready for upward expansion amid stable liquidity and volume. As BTC trades above key supports, investors can anticipate testing higher resistances, drawing from analyses by experts like Ali Charts and Michael van de Poppe. With a fully diluted valuation of $2.31 trillion, the cryptocurrency’s trajectory remains positive—position yourself for emerging opportunities in this evolving landscape.