According to Trader Tardigrade (@TATrader_Alan), Bitcoin has formed an ascending triangle pattern on the H4 chart, indicating a bullish setup with a potential breakout level approaching. The analysis suggests that if Bitcoin breaks above the resistance, the price could rapidly target the $99,000 level. This chart pattern is commonly associated with strong upward momentum, making it a critical formation for traders to watch for entry and exit points. Source: Trader Tardigrade on Twitter, April 30, 2025.

According to Trader Tardigrade, the Bitcoin H4 chart is currently displaying two Double Bottom patterns—one has already broken out, while the other is still forming. Additionally, a Golden Cross is occurring as the 50 SMA crosses above the 200 SMA, indicating a potential bullish trend for BTC. These technical indicators suggest a strong buying signal for traders and investors considering Bitcoin's future price movement.