🧠 In-Depth Technical Analysis (BTCUSDT – Weekly Timeframe)
Bitcoin is currently trading within a large Rising Wedge pattern, formed over the long term from late 2022 to mid-2025. This structure is typically a bearish reversal formation, although it can also lead to a breakout in strong bull markets.
The wedge is defined by:
Consistently higher lows on the lower trendline
A gradually rising upper resistance line that currently caps price around $123K–$125K
Decreasing volume, indicating consolidation and energy buildup near the apex
This wedge reflects a period of euphoric price action post-2022 bear market accumulation, with price now testing the top of a historically significant resistance zone.
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📊 Key Price Levels:
🔹 Current Price: ≈ $118,436
🔹 Recent Weekly High: $123,226
🔹 Critical Resistance (Wedge Top): $123,000–$125,000
🔹 Dynamic Support: Rising wedge base (~$90,000–$95,000)
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🐂 Bullish Scenario: “Historic Breakout Incoming”
If BTC successfully breaks above the wedge’s upper resistance and closes a weekly candle above $125K with strong volume, it would signal a confirmed breakout from the long-term wedge structure.
📈 Upside Targets:
🎯 Target 1: $140,000
🎯 Target 2: $155,000+ (based on Fibonacci extension and macro targets)
🚀 A breakout of this magnitude may trigger a new parabolic rally, especially if accompanied by:
Increased institutional adoption
Spot ETF inflows
Favorable macroeconomic shifts (e.g., rate cuts)
---
🐻 Bearish Scenario: “False Breakout or Breakdown Risk”
If Bitcoin fails to break out and faces strong rejection from the resistance zone (possibly a false breakout), the rising wedge formation may break down — leading to a steep correction.
📉 A breakdown from this structure often leads to sharp drops due to:
Overextension of the current trend
Distribution phase by smart money
🎯 Downside Targets:
Support 1: $95,000–$90,000
Support 2: $76,000
Major Support: $54,000 (historical demand & EMA zones)
---
🔍 Optional Indicators for Chart Confirmation:
Weekly RSI: Watch for bearish divergence
Volume Profile: Can highlight distribution or accumulation zones
EMA 21/50: Ideal for identifying dynamic support levels in retracements
---
📌 Conclusion:
Bitcoin is at a crucial inflection point within this multi-year Rising Wedge. A confirmed breakout could lead to new all-time highs, while a breakdown may trigger a broad correction. Traders should prepare for high volatility, wait for clear confirmation signals, and manage risk wisely in this pivotal zone.
#Bitcoin #BTCUSDT #RisingWedge #BTCBreakout #TechnicalAnalysis #CryptoMarket #PriceAction #BearishReversal #CryptoSignal #ChartPattern #BitcoinAnalysis #Cryptocurrency
Bitcoin is currently trading within a large Rising Wedge pattern, formed over the long term from late 2022 to mid-2025. This structure is typically a bearish reversal formation, although it can also lead to a breakout in strong bull markets.
The wedge is defined by:
Consistently higher lows on the lower trendline
A gradually rising upper resistance line that currently caps price around $123K–$125K
Decreasing volume, indicating consolidation and energy buildup near the apex
This wedge reflects a period of euphoric price action post-2022 bear market accumulation, with price now testing the top of a historically significant resistance zone.
---
📊 Key Price Levels:
🔹 Current Price: ≈ $118,436
🔹 Recent Weekly High: $123,226
🔹 Critical Resistance (Wedge Top): $123,000–$125,000
🔹 Dynamic Support: Rising wedge base (~$90,000–$95,000)
---
🐂 Bullish Scenario: “Historic Breakout Incoming”
If BTC successfully breaks above the wedge’s upper resistance and closes a weekly candle above $125K with strong volume, it would signal a confirmed breakout from the long-term wedge structure.
📈 Upside Targets:
🎯 Target 1: $140,000
🎯 Target 2: $155,000+ (based on Fibonacci extension and macro targets)
🚀 A breakout of this magnitude may trigger a new parabolic rally, especially if accompanied by:
Increased institutional adoption
Spot ETF inflows
Favorable macroeconomic shifts (e.g., rate cuts)
---
🐻 Bearish Scenario: “False Breakout or Breakdown Risk”
If Bitcoin fails to break out and faces strong rejection from the resistance zone (possibly a false breakout), the rising wedge formation may break down — leading to a steep correction.
📉 A breakdown from this structure often leads to sharp drops due to:
Overextension of the current trend
Distribution phase by smart money
🎯 Downside Targets:
Support 1: $95,000–$90,000
Support 2: $76,000
Major Support: $54,000 (historical demand & EMA zones)
---
🔍 Optional Indicators for Chart Confirmation:
Weekly RSI: Watch for bearish divergence
Volume Profile: Can highlight distribution or accumulation zones
EMA 21/50: Ideal for identifying dynamic support levels in retracements
---
📌 Conclusion:
Bitcoin is at a crucial inflection point within this multi-year Rising Wedge. A confirmed breakout could lead to new all-time highs, while a breakdown may trigger a broad correction. Traders should prepare for high volatility, wait for clear confirmation signals, and manage risk wisely in this pivotal zone.
#Bitcoin #BTCUSDT #RisingWedge #BTCBreakout #TechnicalAnalysis #CryptoMarket #PriceAction #BearishReversal #CryptoSignal #ChartPattern #BitcoinAnalysis #Cryptocurrency
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.