Bitcoin Price Set for Potential 15% Breakout Amid Triangle Formation

Bitcoin is currently consolidating within a triangle pattern, with prices ranging between $80,000 and $85,000. A breakout from this pattern could lead to a significant price movement.

The triangle formation suggests a potential 15% price swing in either direction.
As of now, Bitcoin is trading around $83,000, positioned between resistance at $86,000 and support at $82,000.
A move above $86,000 may initiate a rally towards $90,000 or higher.
A drop below $82,000 could push Bitcoin down to the $70,000 level, impacting bullish market sentiment.
Current analysis indicates that Bitcoin must surpass $85,470 and $92,950 for a return above $100,000.

At writing, Bitcoin's price is noted at $83,070.