$BTC new ath loading first target is 114k$. | BeyOglu - The Analyst on Binance Square

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BeyOglu - The Analyst

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$BTC new ath loading first target is 114k$.

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BeyOglu - The Analyst

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I bought $TRUMP target 20$

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#Bitcoin is currently forming a rising wedge chart pattern — a formation typically considered bearish in technical analysis. Interestingly, $BTC is surging strongly after retesting the lower support trendline of the wedge. While this momentum suggests a potential breakout to the upside, it's important to note that such breakouts from a rising wedge are rare, as the pattern generally signals a reversal or breakdown. That said, I firmly believe Bitcoin has the strength to reach around $114,000 in the near term. Once that level is tested, I’ll reassess the chart for its next major move.

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#Bitcoin Technical Outlook Bitcoin has faced multiple rejections at the $105,000 resistance level since Sunday and has been consolidating just below it for the past four days. As of Friday, $BTC is stabilizing around $103,000. A confirmed breakout and daily close above $105,000 could pave the way for a potential rally toward the all-time high of $109,588, set on January 20. However, if Bitcoin fails to close above this key level and pulls back, the price could decline further to retest the psychological support at $100,000. From a technical perspective: The Relative Strength Index (RSI) on the daily chart is at 69, pointing downward after falling below the overbought zone at 70—indicating a potential sell signal. The MACD is on the verge of a bearish crossover on the daily chart. If this crossover confirms, it would add further weight to a bearish short-term outlook. Traders should monitor price action around the $105K level closely, as a breakout or rejection from this zone is likely to set the tone for Bitcoin's next major move. #BinancePizza

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whats your expectations about $BTC weekly close ?

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