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Bitcoin might experience a minor pullback before continuing its upward move within the wedge pattern.
The price action has remained confidently within a rising wedge structure—typically a sign of a strong bullish trend, though it also hints at possible momentum fatigue if buyers lose strength.
$BTC
BTC
99,420.44
+2.4%
This wedge has developed after a strong impulsive rally and is firmly supported by a key buyer zone. Repeated bullish reactions from this level and consistent demand at the support zone have driven the price higher, with bullish momentum now dominating.
Following a breakout above the previous resistance and a clean retest of the new support zone, BTC launched into a sharp rally. This movement fits well with the wedge pattern, where both trendlines are tightening upward—signaling persistent buying pressure and increasing seller resistance, a dynamic that often precedes a breakout.
Currently, BTC is trading above 93,700 and consolidating just below the wedge resistance line. Given the wedge formation and the preceding bullish momentum, I anticipate continued upside, targeting the 100,000 mark—right in line with the upper wedge boundary and serving as my first take-profit (TP1) level.
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