TradingView data showed Bitcoin price consolidating in a symmetrical triangle on the daily chart. The structure held price between converging trendlines as volatility tightened. Analysts said a daily close above the upper boundary near $90,000 would confirm a bullish breakout.
Using the triangle’s measured move, the setup pointed to roughly $107,000 to $107,400, with resistance near $94,000 and $106,000. Citi analysts also published a 12-month base case of $143,000 and a bull case of $189,000, citing ETF demand. Traders also watched risk markers, including rainbow-chart zones often associated with $60,000 to $80,000 ranges.
Corporate activity added another positioning signal. Japan-listed Metaplanet reported buying 4,279 BTC for about $451 million to reach 35,102 BTC, and it cited 8.58 billion yen in 2025 revenue from an options-based income unit. CoinGlass data showed Binance leading with about 129,080 BTC in open interest versus roughly 112,340 BTC on CME.
CME’s open interest fell below $10 billion, according to the same dataset. Velo data showed the basis rate sliding from about 15% to near 3%. CoinGlass showed total BTC futures open interest near $57.4 billion after a notable 24-hour drop.