Bitcoin’s Descending Broadening Wedge Could Lead to $150K by Q3 2025

• Bitcoin recently dropped to $78,000 but bounced back to $86,500, sparking optimism for a potential bullish trend.
• Currently trading at $84,616 with a 4.92% increase in the last 24 hours, Bitcoin remains 13% down compared to the previous week.
• A technical pattern, the Descending Broadening Wedge, suggests Bitcoin could reach $150,000 by Q3 2025 if it follows a similar breakout.

Bitcoin (BTC) has recently been hit by significant volatility, causing a sharp decline in its value. At one point, the leading cryptocurrency fell to a recent low of $78,000, sending waves of concern across the market. However, BTC managed to bounce back from this key level, marking a potential turning point in its price action. The once-bearish sentiment shifted, and BTC entered a phase of recovery, hinting at a possible bullish run in the near future.

After hitting the $78k support level, Bitcoin surged back, climbing to a high of $86,500. This upward movement sparked a renewed sense of optimism within the market, with many investors viewing the rally as a sign of bullish momentum.

Currently, BTC is trading at $84,616, with a 24-hour trading volume of $69.39 billion and a market cap of $1.68 trillion. The cryptocurrency has experienced a 4.92% increase in price over the last 24 hours. However, despite the recent bounce, Bitcoin is still down by 13% compared to the previous week.

Bitcoin’s Descending Broadening Wedge Could Lead to $150K by Q3 2025 4

Bitcoin’s Wedge Pattern Could Lead to $150,000 by Q3 2025

A key observation comes from renowned crypto analyst, Trader Tardigrade, who has pointed out that Bitcoin is forming another Descending Broadening Wedge, a technical pattern that can often signal a breakout.

According to Tardigrade, part A of the descending broadening wedge pattern was exactly replicated in the current price action. If part B of the pattern unfolds similarly, Bitcoin could potentially break out of this wedge by mid-2025, with a target price of $150,000 by Q3 2025.

Bitcoin’s Descending Broadening Wedge Could Lead to $150K by Q3 2025 5

The formation of a Descending Broadening Wedge often signals that the market is experiencing a period of consolidation before a sharp breakout. If BTC follows this trajectory, we could see the price break out in a significant way, propelling the cryptocurrency to new heights. As always, crypto enthusiasts and traders will be keeping a close eye on BTC’s price movements in the coming months to see if this technical pattern plays out as expected.

With the overall market sentiment shifting from bearish to bullish, Bitcoin’s future seems poised for growth. However, as with any asset, the path ahead remains uncertain, and traders must stay vigilant to market conditions and developments.

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