Bitcoin, the world's largest cryptocurrency, is currently trading within an ascending triangle pattern, a bullish chart pattern that indicates a potential price increase. The pattern forms higher lows while facing resistance at a certain level, signaling a potential breakout.

The cryptocurrency is hovering just above an important ascending trendline, which has provided support. If the price moves up from this trendline, it could indicate a strong support level and a potential price increase. However, there is also a strong resistance at the 100-day moving average, a significant level that numerous traders follow. If Bitcoin crosses this barrier, it could imply an upward movement.

On the other hand, if the price drops below the upward trendline, it could lead to a correction in the market, signaling a potential price drop. This means that the support level may not be enough, and the prices could go down even lower.

The future of Bitcoin is uncertain, and the cryptocurrency is currently at a turning point. Traders have identified the upward trendline and the 100-day Moving Average as key points of focus. The next few days could prove pivotal for Bitcoin's rise or fall.

In conclusion, Bitcoin's price movement is currently uncertain, but the ascending triangle pattern signals a potential bullish trend. The cryptocurrency is facing resistance at the 100-day moving average, and a breakout could imply an upward movement. However, a price drop below the trendline could lead to a correction in the market. The next few days will be crucial for Bitcoin's future.