#BTCBreaks99K
Bitcoin (BTC) Price Update: Bullish Wedge Pattern Suggests More Upside!
Bitcoin is currently trading inside an upward wedge pattern, which often signals a strong bullish trend but can also warn of exhaustion if momentum slows down. The price has been rising steadily after breaking out of a previous resistance zone and retesting support, confirming bullish strength.
Right now, BTC is consolidating near $93,700, just below the wedge’s upper resistance line. Given the strong upward momentum and repeated bounces from key support levels, I expect Bitcoin to keep climbing and test the $100,000 mark soon. This target aligns with the wedge’s upper trendline, making it my first take-profit (TP) level.
However, always trade carefully—markets can be unpredictable! Stay tuned for more updates.
Trade at your own risk!
Best regards