Bitcoin’s Bullish Wedge: Could a Breakout Take It to $100K?

Bitcoin is currently displaying a bullish falling wedge pattern, hinting at potential price increases. Analysts believe a breakout could target $100,000, while a failure might result in consolidation or another attempt to reach the $74,000 level. Key confirmation of this bullish trend will require substantial volume surges and continued upward price movement. The historical significance of falling wedges in Bitcoin patterns provides insight into upcoming bullish trends. 200-day moving average support strengthens this optimistic outlook as the price holds at the wedge’s resistance, with potential for a breakout.