Bitcoin$BTC consolidates in a descending wedge as analysts target a measured move projection of $119,484

Bitcoin consolidates in a descending wedge near $114,700 as analysts aim for $118K–$119,484 after Powell's rate cut signal boosts momentum

The descending wedge of Bitcoin on the 1h chart sets breakout targets between $118,000 and $119,484.

Powell's comments at Jackson Hole drove BTC from $112,000 to $116,000 as rate cut odds increased.

Bitcoin shows stability near $115,700, signaling accumulation and preparation for a potential upward continuation.

Bitcoin consolidates in a descending wedge formation on the hourly chart after declining from recent highs above $132,000. BTC trades around $114,700, showing stability near the wedge resistance after rebounding from lows near $112,000. BTC is on the verge of a descending wedge breakout on the 1h chart. Breakouts above $114,000 could pave the way for $118,000+

The stability observed near $115,700 suggests that buyers continue to prepare for a possible upward continuation.#BTC #bitcoin $BTC