Technical analysis by QAZIFXTRADER about Symbol BTC on 9 hour ago

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