Bitcoin Breakout Formation Bulls Preparing for Next Leg Up

Bitcoin Builds Momentum: Bullish Breakout Targets $105K and Beyond

1. Bearish Trend Completion

The chart shows a strong bearish trend that started after price rejected the upper supply zone. This downtrend accelerated when BTC broke below a key horizontal support level, confirming bearish control.

2. Formation of a Reversal Structure

After the drop, price has been consolidating inside a wedge pattern.
This is an important signal because:
Selling momentum is weakening
Buyers are slowly stepping in
Price is making higher lows
A breakout is becoming increasingly likely
This wedge typically acts as a bullish reversal pattern when forming after a downtrend.

3. Key Breakout Zone

Price is now pressing into the wedge resistance.
A clean breakout with retest could trigger a strong bullish wave.
This is the confirmation traders will focus on.

4. Upside Targets

If the breakout happens:
First Target Zone: $104,000 – $106,000
Previous support turned resistance
High liquidity zone
Likely to see reaction or short-term pullback
Second Target Zone: $122,000 – $125,000
Major supply zone
Strong seller interest earlier
Final target for this potential bullish leg

5. What Confirms the Bullish Move

A valid bullish breakout should include:
Strong candle close above wedge
Retest of the breakout line
Increasing buy volume
Price holding above $95,000

6. What Invalidation Looks Like

If BTC fails to break the wedge and drops below the recent higher low, it may revisit:
$88,000 zone
This would continue the bearish structure.

📈 Summary

BTC is showing early signs of reversal, but needs confirmation.
A breakout above the wedge opens the way to $105K and potentially $125K.
This is a classic shift from bearish downtrend → consolidation → bullish reversa