BTC breakout of Ascending Triangle...bullish continuation?

While BTC has been range bond within the Ascending Triangle supported by the 222 EMA on topside. Below we have 55 & 99 EMAs converging with trendline providing additional support. An ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. However, with overall macro picture it will be interesting to watch if bitcoin can break to the upside and make higher highs here? Regardless it will be a big candle when bitcoin does make its move.

Comment:

With the number of scam wicks liquidating shorts this past week it important to keep in mind that liquidity is currently sitting below us. Moving down to the 5400 - 5200 range would then allow bitcoin to begin its move upward to new ATHs moving forward.