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Bitcoin Breaks Falling Wedge – Is $110,000 The Next Stop?

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Bitcoin Breaks Falling Wedge – Is $110,000 The Next Stop? - NewsBTC

Quick Summary:

It is a classical bullish reversal pattern with a price breakout being considered a strong buy signal.  Following the price surge in the past week, Bitcoin decisively breached the upper boundary of the falling wedge showing intentions of a price rally.

Related Reading: XRP Price Chart Flashes Inverse Head And Shoulders Pattern That Could Trigger Rally To $3.9 BTC Exchange Fees Rise By 77% In other news, on-chain analytics firm IntoTheBlock reports the Bitcoin network recorded $4.2 million in network fees over the past week.

Bitcoin’s Falling Wedge Breakout Sparks Rally Hopes  In a recent X post, Satoshi Flipper reports that Bitcoin has broken out of a falling wedge formation on its daily chart, hinting at a potential price uptrend.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-30 @ 04:30:22 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 405 words

Reading Time: 3 minutes read

Sentences: 70 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 27430745

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://beamstart.com/news/bitcoin-breaks-falling-wedge-is-17433206461806

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