Bitcoin Holds Near $110,000 as Symmetrical Triangle Pattern Signals Potential Breakout

Bitcoin is trading around $110,000 while forming a symmetrical triangle pattern that typically precedes significant price movements. On-chain analyst Ali suggests a possible retest of $107,500 support before another attempt at the $115,000 resistance level. The cryptocurrency has been consolidating between $106,000 and $116,000 for most of the past week.