BTC Long Consolidation and Descending Triangle Analysis

Bitcoin shows a descending triangle pattern, which is typically characterized by a series of lower highs (marked by the orange trendline) and a horizontal support zone (highlighted in green). Here's a detailed explanation:

Downtrend and Consolidation:

BTC appears to be in a long-term downtrend, as indicated by the consistent lower highs along the orange trendline.
The price is consolidating within the triangle, bouncing between the downward resistance and horizontal support.
Horizontal Support Zone:

The green zone highlights a significant area of support where buyers are stepping in to prevent further decline.
Multiple touches of this zone show that it is a strong demand area.
Potential Scenarios:

Breakout Upwards: The white arrow suggests a possible breakout above the orange trendline after consolidation. This would indicate a reversal in the downtrend, leading to bullish momentum.
Continuation of Consolidation: The zig-zag white lines suggest the price may continue to oscillate within the triangle until it reaches the apex, where a breakout decision is likely to occur.
Key Levels to Watch:

The support zone around $92,000 is critical for maintaining the current structure.
A breakout above the orange trendline would likely indicate a bullish trend reversal.
This pattern is often considered neutral until a breakout happens, so monitoring volume and price action near the triangle's edges is essential for confirming the direction.