Will Bitcoin’s Wedge Break Out Drive It Past $109K?

Bitcoin is currently positioned within a descending wedge pattern, an indicator often associated with potential bullish price surges. This pattern suggests that a breakout might occur in early April, pushing the price toward its long-term target of $109,000 for this month. 85,500 serves as the key resistance level and breaking this point would fuel a significant price increase. However, Bitcoin will need to stay above $78,000 before advancing further. 3.2% down from yesterday’s value, with $85,500 serving as the primary resistance level, traders are anticipating a surge during April based on current market trends and predictions.