Bitcoin Looks Set to Climb Higher After Minor Pullback Within Rising Wedge
Bitcoin has been steadily moving within a rising wedge pattern — a structure that often supports strong uptrends but can also hint at a slowdown if buyers lose steam.
Currently priced around $99,300, BTC is showing clear strength after a strong initial surge. The wedge began forming after this upward push and is well-supported by a key buyer zone beneath it.
We’ve seen several upward moves bounce off this support area, helping BTC maintain bullish momentum. After breaking through a previous resistance level and successfully retesting it as support, the price surged again — fitting well within the narrowing wedge shape.
This pattern shows buyers steadily driving prices up, while sellers are starting to apply pressure. If Bitcoin breaks above the wedge resistance, it could trigger a sharp move higher.
At the moment, BTC is consolidating just below the upper wedge line, trading above $93,700. If momentum continues, we could see a push toward the $100,000 mark — which matches the top of the wedge and serves as my first target.
Note: Always manage your risk when trading.
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