Bitcoin Consolidates Near $102K in Wedge Pattern, Eyeing Potential $115K Breakout
The post Bitcoin Consolidates Near $102K in Wedge Pattern, Eyeing Potential $115K Breakout appeared com. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process-not noise. 👉 Sign up → Bitcoin is consolidating near $102, 000 in a descending broadening wedge pattern on the two-hour chart, indicating potential for an upside breakout to $115, 000 if key support at $98,340 holds. This setup suggests accumulation amid stable volumes. Bitcoin’s descending broadening wedge signals a possible bullish breakout. Key support at $98,340 is essential to preserve the short-term bullish structure. Analysts forecast a move toward $115, 000, supported by consistent trading volumes and pattern resilience. Discover Bitcoin’s latest price action in the descending broadening wedge, with potential breakout to $115K ahead. Stay informed on BTC support levels and market outlook for informed trading decisions. What is Bitcoin’s Descending Broadening Wedge Pattern? Bitcoin’s descending broadening wedge is a technical pattern on the two-hour timeframe characterized by converging trendlines with lower highs and higher lows, often signaling a reversal or continuation of an uptrend. Currently, BTC trades near $102, 024 after rebounding from $97,000 lows, showing resilience within this formation. Analysts, including Captain Faibik, note that if the structure holds, an upside breakout could drive prices toward $115, 000 in the coming week. COINOTAG recommends • Professional.