Bitcoin’s Wedge Breakout Signals Potential Bullish Momentum Toward $113,440

• Bitcoin’s wedge breakout establishes short-term bullish momentum targeting $113,440 resistance.

• Trading volume has surged 117%, highlighting increased investor confidence and market participation.

• Stable support at $108,500, combined with global economic optimism, bolsters Bitcoin’s path for upward continuation, with a 3.93% price rise to $111,198.72 and market cap of $2.21 trillion.

Discover Bitcoin’s wedge breakout and its implications for price targets up to $113,440 amid surging volume. Stay informed on crypto trends and secure your position today. (148 characters)

What is Bitcoin’s Wedge Breakout and Its Impact on Price Momentum?

Bitcoin’s wedge breakout refers to the cryptocurrency’s decisive move above a descending wedge pattern, signaling a shift from consolidation to upward expansion. This technical formation, characterized by converging trendlines of lower highs and lows, broke out with strong buying pressure, pushing prices toward $113,440. The surge reflects renewed investor enthusiasm, supported by heightened trading activity and stable lower supports around $108,500.

How Does the Surge in Trading Volume Support Bitcoin’s Bullish Outlook?

The 117% increase in trading volume to $63.23 billion underscores robust market participation following the wedge breakout, as reported by CoinMarketCap data. This volume expansion validates the breakout’s legitimacy, with multiple candlesticks closing above the key trendline, indicating sustained buyer control. Expert analysis from Captain Faibik highlights that Bitcoin traded within a descending channel before this pivotal move, where buyers defended the lower boundary and drove aggressive upward action. With a circulating supply of 19.93 million BTC maintaining scarcity, this dynamic positions Bitcoin for potential extensions to $115,800 or higher if resistance at $111,440 is breached decisively.

Bitcoin confirms a strong wedge breakout with buyers driving momentum toward the $113,440 resistance as trading volume surges 117%.

• Bitcoin confirms a strong breakout, establishing short-term bullish momentum toward $113,440 resistance.
• Trading volume surges 117%, signaling renewed investor confidence and intensified market participation.
• Global optimism and stable support near $108,500 strengthen Bitcoin’s outlook for continued upward movement.

Bitcoin started pumping hard right after the wedge breakout, recording a clear shift in short-term market direction. The cryptocurrency displayed strong upward momentum as price action confirmed a breakout from a descending wedge formation. The move attracted increased trading volume and investor participation, reflecting renewed buying interest across major exchanges.

Breakout Confirms Uptrend as Bitcoin Gains Strength

According to analysis prepared by Captain Faibik, Bitcoin traded within a descending channel before breaking above the upper resistance line. The price movement showed lower highs and lower lows until buyers took control near the lower boundary. After the breakout, volume expanded, and multiple candles closed above the trendline, confirming sustained upward momentum.

The projected target zone stood near $113,440, marking the upper boundary of the breakout structure. Bitcoin’s price action established a recovery phase after consistent declines since early October. Once the breakout occurred, buyers entered the market aggressively, pushing prices beyond resistance zones. The renewed demand reflected strong technical support near $102,000, which became the base for continued upward expansion.

Source: CoinMarketCap

Bitcoin rose by 3.93% in 24 hours and traded at $111,198.72 with a market cap of $2.21 trillion as per the CoinMarketCap data. Trading volume increased by 117.41% to $63.23 billion with more participation in the market. The circulating supply stayed at 19.93 million BTC, which keeps the cryptocurrency in limited supply.

Technical indicators further reinforce this bullish setup. The Relative Strength Index (RSI) has moved above the neutral 50 level, suggesting building momentum without entering overbought territory yet. On-chain metrics from sources like Glassnode show a rise in active addresses and transaction counts, aligning with the volume spike and indicating genuine demand rather than speculative noise. This confluence of factors positions Bitcoin favorably for testing higher resistances, provided key supports hold firm.

Market Sentiment Improves Amid Global Developments

Presidents Donald Trump of the U.S. and Xi Jinping of China are set to hold a meeting in the Asia-Pacific Economic Cooperation (APEC) summit in the latter part of this month. Before the meeting, the U.S Treasury Secretary, Scott Bessent and the Vice Premier of China, He Lifeng will be holding preparatory talks in Malaysia. These diplomatic engagements could foster a more stable geopolitical environment, indirectly benefiting risk assets like Bitcoin by reducing uncertainty in global trade and financial policies.

Source: LennaertSnyder(X)

According to Lennaert Snyder, “BTC is pushing against key $111,440 resistance. Gaining $111,440 triggers longs to $115,800 resistance.” A valid constant recovery out of the lows around $108,000 with possible extension to the levels of $117,000 and $121,000 should the strength continue. Bitcoin’s upward trajectory remained firm as trading volume and liquidity strengthened. The general market sentiment became positive with a high level of support at the range of around $108,500 and the overall positive mood left the bullish confidence in the market before the next trading sessions.

Broadening the perspective, institutional interest remains a key driver. Data from Bloomberg indicates that Bitcoin exchange-traded funds (ETFs) have seen consistent inflows, totaling over $20 billion year-to-date, which correlates with the recent price strength. Regulatory clarity in major markets, including potential advancements in U.S. crypto policy under the current administration, adds to the optimistic narrative. Analysts from firms like Galaxy Digital note that macroeconomic factors, such as easing inflation and anticipated interest rate cuts, are creating a fertile ground for Bitcoin’s growth beyond technical breakouts.

Frequently Asked Questions

What is the projected price target for Bitcoin following the wedge breakout?

The immediate target after Bitcoin’s wedge breakout is $113,440, representing the upper extension of the pattern. Sustained momentum could push toward $115,800 or even $117,000, as per technical analysis from experts like Lennaert Snyder, contingent on holding support above $108,500 and continued volume growth.

Will upcoming global summits influence Bitcoin’s price trajectory?

Yes, meetings like the APEC summit between U.S. and Chinese leaders could positively impact Bitcoin by easing trade tensions and boosting global risk appetite. Preparatory talks in Malaysia signal potential for stable economic policies, which historically support cryptocurrency rallies, as seen in past diplomatic resolutions.

Key Takeaways

• Strong Technical Confirmation: The wedge breakout, backed by 117% volume surge, validates Bitcoin’s bullish shift toward $113,440.
• Supportive Market Data: With a $2.21 trillion market cap and 19.93 million BTC in circulation, scarcity drives value amid rising participation.
• Geopolitical Boost: Upcoming U.S.-China talks enhance sentiment, urging investors to monitor resistances for entry opportunities.

Conclusion

Bitcoin’s wedge breakout marks a pivotal moment in its short-term trajectory, with trading volume surges and stable supports reinforcing the path to $113,440 and beyond. As global developments like the APEC summit add tailwinds, the cryptocurrency’s resilience shines through official data from CoinMarketCap and expert insights. Investors should watch key levels closely; positioning strategically now could capitalize on this upward momentum in the evolving crypto landscape.

By COINOTAG | Published: October 21, 2025 | Updated: October 21, 2025