Bitcoin’s Broadening Wedge Signals Breakout Potential Towards $145,000

Technical analysis indicates a potential bullish move in Bitcoin as it displays a broadening wedge pattern on the charts. Analysts are observing this pattern closely, with traders anticipating a breakout towards the $145,000 level. 800,000 Bitcoins have been withdrawn from exchanges over the past year, suggesting reduced short-term selling pressure. Bitcoin’s average ETF entry price sits at $86,680, highlighting robust investment activity, yet this price needs to remain above that level to avoid potential exits by those holding ETF positions. The current market action is being closely watched as Bitcoin trades near the $95,588 mark with a substantial 24-hour trading volume of $78.41 billion.