Bitcoin is currently consolidating within a tightening wedge in a historically significant resistance zone, marking a critical moment in its market cycle. Stable trading volume, supportive moving averages, and supply dynamics driven by scarcity collectively provide strong evidence that Bitcoin may break through. While confirming a breakthrough at $122,500 could propel Bitcoin to a new high of around $260,000, traders should exercise caution in risk management and closely monitor volume and price trend signals. This phase highlights the increasing maturity of Bitcoin as a digital asset and its ability to spark significant market interest at critical technological junctures.
