Ethereum has officially broken out of a falling wedge pattern. After nearly three months of descending consolidation, the price has finally broken above the wedge, reaching a key resistance zone.
Key Observations:
ETH broke out near the $1,600 level.
Currently trading around $1,748 (-2.65% daily change).
Price is testing the first resistance zone between $1,800 and $1,820.
Support now lies around the breakout area near $1,660.
Technical Outlook:
The breakout is valid, but a short-term pullback remains possible.
A daily close above $1,800 could open the door to the next major resistance near $2,200.
If $1,660 fails to hold as support, we may see a deeper correction.
Conclusion: Ethereum is showing early signs of a potential trend reversal. If Bitcoin remains stable, ETH could maintain its upward momentum. Keep a close eye on the $1,800 zone for confirmation of further upside.
In my ongoing analysis of BTC’s falling wedge breakout, we have now seen Target 1 ($90K) and Target 2 ($94K) being reached successfully.
Today’s chart shows BTC touched the $94,000+ zone before facing resistance rejection. Price is now trading around $92,562, showing a minor pullback of -1.20%.
Chart Update:
BTC rallied over 13.12% in 3 days from the breakout zone
Touched projected resistance and now pulling back
Currently sitting near the top of the previous breakout range
Current View: This could be a healthy retest of the breakout zone or a temporary pullback before continuation. As long as BTC stays above $89K–$90K, the bullish structure remains intact.
No changes in targets at this point — I’ll continue to monitor the move and update if structure shifts.
In my ongoing series of BTC analysis since the falling wedge breakout, we’ve now seen both Target 1 ($90K) and Target 2 ($94K) get tagged or nearly hit.
As of today, BTC is trading around $93,664, holding above previous resistance which has now turned into support. This marks a 12.9% gain in just 2 days from the last consolidation zone — a strong move confirming bullish momentum.
Target Progress Recap (from April wedge breakout post):
✅ Target 1 ($90,000): Achieved
✅ Target 2 ($94,000): Reached/Tagged today
⏳ Target 3 ($98,500 – $100,000): Still valid & in progress
Chart Notes:
The falling wedge breakout has played out beautifully
Price is maintaining higher highs & strong candle closes
Momentum remains intact above $92,000 zone
Next Update: No new targets will be added until further confirmation. I’ll continue tracking the trend step by step as it unfolds.
In my first post, I shared a falling wedge breakout on BTC’s daily chart.
In the second update, BTC had confirmed the breakout with strong price action, holding above the $84K–$86K zone. I had marked three potential targets based on the pattern and market structure:
Previous Targets:
✅ Target 1: $90,000 – HIT
✅ Target 2: $94,000 – Almost reached (currently hovering just below)
⏳ Target 3: $98,500 – $100,000 – Still active
As of now, BTC is trading at $90,802, up over 9% in the last 7 days. Price has cleared the previous resistance zone and is now holding above it — a very bullish sign.
What’s Next? Until the trend structure changes, I’m not updating targets yet. I’ll wait for confirmation before sharing the next move.
In my previous analysis, I highlighted how BTC broke out of a falling wedge pattern, a classic bullish signal. Since then, Bitcoin has followed through with impressive strength — now trading around $88,256, up over 5.27% in the last 10 days.
Chart Recap:
Falling wedge breakout confirmed
Breakout level: ~$83,800
Current daily close holding strong above resistance
Momentum remains bullish as buyers maintain control
Next Key Targets (Based on Wedge Height Projection):
Target 1: $90,000 (psychological round level)
Target 2: $94,000 (local supply zone)
Target 3: $98,500–$100,000 (measured move from wedge pattern)
My View: As long as BTC stays above $86,500, bulls remain in control. Price action suggests we may be entering a strong continuation phase. If volume supports this rally, $94K+ could be seen in the coming days.
Drop your thoughts below — Are we heading for a new ATH or will bears step in?
Bitcoin (BTC) has officially broken the descending trendline on the daily timeframe, closing above $84,500 with strong bullish momentum.
Chart Breakdown:
BTC was in a clear downtrend since mid-February, forming lower highs.
Price has now broken above the trendl$BTC #ine resistance, indicating a possible trend reversal.
Daily candle closed at $84,596, up 1.00% for the day.
What to Watch Next:
$86,800 – Next resistance zone from previous rejection
$82,500 – Retest level if BTC pulls back
$88,000-$90,000 – Bullish continuation target zone
My View: As long as BTC holds above the breakout level ($83,500–$84,000), we could see a bullish continuation. However, a daily close back below the trendline may invalidate this move.
Are we entering the next bullish leg, or is this a fakeout? Let’s discuss in the comments.