BTCUSD is trading above the 20 and 55-EMA which gives the structure more bullishness than bearishness. This can firstly indicate a breakout to the upside as the trend consolidation is above the EMAs.

BTCUSD Price Analysis: 4 Hr BTC Chart

The volume is declining which is adding to the breakout scenario that will happen for BTCUSD. After the heavy breakout with its great volume BTCUSD has a falling volume which can indicate a price peak. The RSI consolidates in the middle and looks like it wants to aim for the lower and higher boundaries as its trending conditions. The MACD is in a moderate state with a breakout to the upside possible as the fast line crosses the slower.

Adding these signs all together we have a more bullish price-chart and triangle than a bearish one. The fact that BTCUSD is consolidating above the EMAs and has some bullish volatility gives the triangle a bullish shape.