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$BTC Analysis – Approaching Key Resistance in Rising Wedge Formation

Bitcoin has been steadily climbing within an upward wedge structure—a pattern that often reflects strong bullish momentum but can also hint at potential exhaustion if buyers begin to lose strength.

Currently trading around $99,359.99 (+2.51%), BTC has formed this wedge following a decisive impulse move, anchored by a strong buyer zone below. Repeated bullish impulses from this level and consistent support at the base have maintained upward pressure, with bulls firmly in control.

After breaking out from a previous resistance zone and successfully retesting it as support, BTC launched into a strong rally. This movement fits the classic wedge behavior: both