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Bitcoin (BTC) Eyes Record High Above $126K With 'Bullish Wedge'

Bitcoin's recent drop from $126,000 to $106,000 is forming a bullish falling wedge pattern, indicating a potential rally. A breakout past the current resistance level around $106,000-$107,000 could lead to a rebound toward $126,000 and possibly create new highs. Traders should watch the critical $100,000 support level as any drop below this point may trigger a deeper correction, pushing prices down to around $90,000. The bullish wedge is characterized by converging downward trendlines, signaling that selling pressure is diminishing as the price consolidates. Historically, this pattern has been associated with upward breakouts, reflecting a reversal from bearish momentum to increased buying interest. While the setup is promising, traders are advised to remain cautious, monitoring price action and volume for confirmation of the pattern's development.

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BONK Declines 5% to $0.00001223 as Resistance Holds and Volume Surges 48%

BONK fell 5% to $0.00001223 after failing to break significant resistance around $0.0000130. Trading volume surged nearly 50% above the daily average during this pullback, with volume reaching 813.46 billion tokens. The decline followed a brief rally attempt that was reversed under heavy trading activity, confirming resistance

BONK Falls 5% to $0.00001223 After Rejection at Key Resistance

BONK declined 5% to $0.00001223 after failing to breach resistance near $0.0000130, accompanied by a trading volume spike of 48% above the daily average during the pullback. The price tested support at $0.00001223 following a brief rally attempt that was quickly reversed amid increased trading activity. Technical

BONK Declines 5% to $0.00001223 as Resistance Holds and Volume Surges 48%

BONK fell 5% to $0.00001223 after failing to break through resistance at $0.0000130, with trading volume increasing by almost 50% during the pullback. This decrease followed a brief rally which was quickly reversed by a surge in trading activity. The volume peaked at 813.46 billion tokens, confirming