Bitcoin has confirmed a breakout from a multi-week falling wedge, opening up new opportunities for price growth. Analysis indicates this moment may signify the start of a new bullish trend.
The Wedge Breakout and Its Significance
Bitcoin has validated its breakout from a falling wedge on the 4-hour chart, breaking above the upper trendline and then retesting the breakout area. This shift has changed the momentum to the upside as buyers established higher lows.
Market Dynamics and Long-Term Prospects
Analysts highlight the importance of rising spot demand and stable funding for supporting further price expansion. Expectations indicate that if Bitcoin maintains levels above $100,000, it could rise to $116,000. Long-term forecasts suggest the possibility of new records provided the current momentum continues.
Current Price Structure of Bitcoin
Since the beginning of 2025, Bitcoin has remained within the range of $90,000 to $120,000, with recent values around $110,726 indicating the market's continued strength. A price pullback might occur due to low liquidity or heavy leverage.
The breakout of Bitcoin's falling wedge emphasizes the significance of the bullish trend, with the potential to reach new historical highs. Far-reaching forecasts may open new horizons for the cryptocurrency market.
