Bitcoin Breaks Out of Wedge, Aims for $116K Target as Momentum Builds

After weeks of downward pressure, Bitcoin has shattered a falling wedge pattern, sparking optimism for bullish momentum and an anticipated target price of $116,000. Analyst Captain Faibik highlights the breakout’s significance, linking it to renewed buying activity and a positive shift in market sentiment. The move aligns with recent price action showing successive lower highs and lows within converging trendlines, suggesting a strong upward reversal.