币界网报道：Bitcoin Price at $110,000? Why BTC Must Break Out of This Wedge Bitcoin's price trajectory is under scrutiny as analysts highlight a critical technical pattern that could determine its next major move. Currently trading within a symmetrical wedge formation, BTC faces a decisive moment—breaking above the upper trendline could propel it toward $110,000, while a breakdown might trigger a correction. Analysts emphasize that the wedge, formed over months of consolidation, reflects tightening volatility and an impending breakout. Key resistance lies near $72,000, a level BTC has tested multiple times without sustained momentum. On-chain data shows strong accumulation by long-term holders, suggesting underlying bullish sentiment despite recent sideways action. Meanwhile, macroeconomic factors, including potential Federal Reserve rate cuts and institutional ETF inflows, could fuel upward momentum. Traders are closely watching volume trends, as a breakout with high conviction could validate the $110,000 target. However, failure to breach resistance may see BTC retest support near $60,000. The coming weeks are pivotal as Bitcoin's price action within this wedge will likely set the tone for the next major market cycle.