#BTCBreaks99K
Bitcoin may correct a little and then continue to grow in wedge!
The price has been moving confidently inside an upward wedge structure, which often signals a continuation in strong bullish trends but also warns of potential exhaustion if momentum fades.
$BTC
99,286.39
+2.29%
In this case, the wedge is forming after a clear impulse move and is supported by a solid base at the buyer zone.
Multiple impulses from this level and consistent support at the current support zone have pushed the price higher, with bullish momentum now clearly in control.
After a breakout from the previous resistance zone and a clean retest of the support area, the price started a strong rally.
