$BTC in Falling Wedge – A Breakout Brewing?

Bitcoin is currently trading within a clear falling wedge pattern on the 4H chart, typically a bullish setup. Price is compressing between lower highs and lower lows, with buyers defending the $116K–$117K zone. A confirmed breakout above the descending resistance line could trigger a sharp rally toward $123K+. However, if support breaks, BTC may revisit $114K or lower. Eyes on volume and candle confirmation near the wedge tip.

Trade Setup (Long Bias):

Entry: $117,000 – $117,300

Stop Loss: Below $115,500

Target 1: $119,000

Target 2: $121,500

Target 3: $123,200

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