Bitcoin’s Chart Suggests a Key Breakout Is Coming, What are the Potential Targets?

Recent data analysis of Bitcoin trading suggests the cryptocurrency is poised to break out of its rising wedge formation. The current price range for Bitcoin is above $117,617, with potential breakout targets identified at $130K and $380K. Analysts see this as a positive sign for long-term bullish investors, but caution is needed as bears remain on the lookout for a bearish correction towards the $110,000 mark.