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Created: 2025-06-29 00:30:07 UTC

$BITO

$BITO printed a bullish engulfing candle right near the apex of its symmetrical triangle this week, a potential early sign of a shift in sentiment as buyers step in to defend this key consolidation zone. 

The close landed right at the 50-day moving average, a level that has acted as dynamic resistance this season this week. 

For this pattern to gain traction, bulls will need to deliver follow-through next week by pushing price above the engulfing candle and decisively breaking the descending resistance of the triangle. 

A breakout would mark a change in composure, potentially transitioning from a sideways range to the early stages of an uptrend. 

Until then, the chart remains in consolidation, and traders should remain patient for confirmation.

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$BITO $GBTC $ETHE $BTCC $BTCE $BTCH $WGMI $BTF $DEFI $BITI $XBTF $EZBC

![](https://pbs.twimg.com/media/GukilzJXkAAaYIW.jpg)

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![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1939119151366172913/c:line.svg)

**Related Topics**
[trader](/topic/trader)
[Sentiment](/topic/sentiment)
[triangle](/topic/triangle)
[$trader](/topic/$trader)
[$bito](/topic/$bito)
[proshares](/topic/proshares)
[coins exchange tokens](/topic/coins-exchange-tokens)
[stocks etf](/topic/stocks-etf)

[Post Link](https://x.com/GDXTrader/status/1939119151366172913)