{"id":3942,"date":"2025-03-30T18:13:09","date_gmt":"2025-03-30T18:13:09","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/bitcoin-breaks-falling-wedge-is-110000-the-next-stop\/"},"modified":"2025-03-30T18:13:09","modified_gmt":"2025-03-30T18:13:09","slug":"bitcoin-breaks-falling-wedge-is-110000-the-next-stop","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/bitcoin-breaks-falling-wedge-is-110000-the-next-stop\/","title":{"rendered":"Bitcoin Breaks Falling Wedge \u2013 Is $110,000 The Next Stop?"},"content":{"rendered":"

A popular market analyst with X username Satoshi Flipper has predicted that Bitcoin could experience a full market rebound after breaking out from a falling wedge pattern. The premier cryptocurrency rose to above $88,000 in this past trading week before experiencing a sudden crash on Friday driven by macroeconomic pressures.\n<\/p>\n

Bitcoin\u2019s Falling Wedge Breakout Sparks Rally Hopes\u00a0<\/strong><\/h2>\n

In a recent X post,<\/a> Satoshi Flipper reports that Bitcoin has broken out of a falling wedge formation on its daily chart, hinting at a potential price uptrend.<\/p>\n

For context, the falling wedge, as seen in the chart below, consists of two converging downward-sloping lines due to the consistent formation of lower highs and lower lows. It is a classical bullish reversal pattern with a price breakout being considered a strong buy signal.<\/p>\n

 <\/p>\n

\"Bitcoin\"<\/p>\n

Following the price surge in the past week, Bitcoin decisively breached the upper boundary of the falling wedge showing intentions of a price rally. However, market bulls faced strong resistance at the $88,000 price region before the US announcement of new international tariffs induced a significant price loss.\n<\/p>\n

Albeit, Bitcoin continues to trade on the edge of the wedge\u2019s upper boundary between $82,000 – $84,000 suggesting the recent decline might be a simple retest. According to Satoshi Flipper, if a price reversal occurred, BTC could surge as high as $110,000 representing a potential 32.53% gain on current market prices.<\/p>\n

Concerning this postulated price rally, the major resistance zones would lie at $88,000, $98,000, and $105,000. However, if BTC loses its current support floor, prices would likely slide to $78,000.\n<\/p>\n

BTC Exchange Fees Rise By 77%<\/strong><\/h2>\n

In other news, on-chain analytics firm IntoTheBlock reports<\/a> the Bitcoin network recorded $4.2 million in network fees over the past week. This development marks a change from the decline seen in recent weeks and represents a staggering 76.7% gain in values from the immediate previous week.<\/p>\n

Meanwhile, IntoTheBlock also notes a net outflow of $300 million from the exchange, indicating a bullish market sentiment as investors preferred to move their holdings to private wallets, likely in anticipation of a price gain. These net flows, combined with an increase in network fees, signal a healthy market demand for Bitcoin.<\/p>\n

At press time, the premier cryptocurrency continues to trade at $83,390 following a 0.47% decline in the past day and 0.92% in the past seven.\u00a0 With a market cap of $1.66 trillion, BTC remains the largest cryptocurrency in the world.<\/p>\n

\"Bitcoin\"<\/p>\n","protected":false},"excerpt":{"rendered":"

A popular market analyst with X username Satoshi Flipper has predicted that Bitcoin could experience a full market rebound after breaking out from a falling wedge pattern. The premier cryptocurrency rose to above $88,000 in this past trading week before experiencing a sudden crash on Friday driven by macroeconomic pressures. Bitcoin\u2019s Falling Wedge Breakout Sparks…<\/p>\n","protected":false},"author":1,"featured_media":3943,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119],"tags":[56,2135,70,62,2136,2010],"class_list":["post-3942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-price-rebound","tag-btcusd","tag-btcusdt","tag-falling-wedge","tag-satoshi-flipper"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/3942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=3942"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/3942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/3943"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=3942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=3942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=3942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}