Bitcoin Poised for Another Rally as Bullish Momentum Builds
Bitcoin is setting up for a potential breakout. Trading at $111,243, BTC is consolidating within a rising wedge pattern—a classic bullish continuation signal—while the MACD has flashed a bullish crossover, indicating renewed upward momentum.
Technical Outlook: Rising Wedge and MACD Crossover
Bitcoin’s chart is flashing green for bulls.
- Current Price: $111,243.19
- Pattern: Rising Wedge (bullish if breakout confirmed)
- Breakout above $112,000 could target $114,700 → $116,800
- A confirmed breakout could push BTC toward $125,000–$130,000
- MACD: Bullish crossover — early sign of momentum shift
- Support: $100,000–$103,000 — key demand zone for retracement entries
A decisive move above $112,000 would signal that buyers are regaining control.
Elliott Wave Analysis: Wave 3 to $220K?
One of the most bullish technical frameworks sees BTC in the early stages of a major impulse wave.
- Wave 1: Completed near $124,400 (August 2025 high)
- Wave 2: Healthy correction into the 0.382–0.618 Fibonacci zone
- Wave 3: Expected to be the strongest and longest leg, targeting:
- $175,000 (1.618 extension)
- Up to $220,000 in aggressive models
- Invalidation Level: Below $74,500 — would break the wave structure
If this model holds, the next leg could be explosive and sustained.
On-Chain Resilience: Whales Sell, But Market Holds
Despite a massive whale distribution, Bitcoin showed remarkable strength.
- Whale Activity (1K–10K BTC wallets):
- Over 100,000 BTC sold in recent weeks
- Largest distribution of the current cycle
- Price Reaction:
- Dropped only ~14% before rebounding from $103,000
- Quick recovery shows strong institutional demand absorbing supply
This resilience suggests the market is maturing—less panic, more structural support.
Final Takeaway: Rally Building on Strength, Not Speculation
- ✅ Rising wedge + MACD crossover — technical momentum turning up
- ✅ Elliott Wave 3 target: $175K–$220K — long-term upside potential
- ✅ Whale sell-off absorbed — institutional demand remains strong
- ✅ Holding above $111K — bullish structure intact
While a breakout needs confirmation,
the foundation for the next rally is already in place.
And if history repeats,
the most powerful moves begin quietly—before everyone notices.
