#ETHCrossed2500 Market Update:

Bitcoin (BTC) is currently forming a "rising wedge" pattern, which is generally considered a bearish signal.

However, when it comes to news and fundamental analysis, technical analysis often takes a backseat.

From a technical standpoint, if BTC breaks above $105,100 with strong volume, it's likely to move up to $106,100. There's also a liquidity zone in that area which is expected to be targeted.

If that resistance is broken, the next key level would be the previous all-time high, around $110,000.

In my personal opinion, if there’s no major news in the market, BTC could see a bit of a retracement.

That said, the overall market trend still remains bullish. As long as BTC is trading above $95,000, we could be heading toward a new all-time high.