Bitcoin Breaks Out of Falling Wedge, Targets $109,500 as Bulls Gain Control

Bitcoin has decisively broken out of a falling wedge pattern on the 4-hour chart, targeting a price zone between $107.5K and $109.5K. This breakout signals increased bullish momentum following consolidation within a narrow range. Open Interest is surging, while negative funding rates suggest a strong bullish bias among institutional investors. 107K-$107.7K serves as key support. While a retest of the breakout zone remains possible, the target zone at $108K-$109.5K holds significant potential for upward movement. The price currently sits at $107,117.78.