{"id":54693,"date":"2025-10-24T15:18:46","date_gmt":"2025-10-24T15:18:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=54693"},"modified":"2025-10-24T15:18:46","modified_gmt":"2025-10-24T15:18:46","slug":"is-bitcoin-ready-to-break-out-key-level-to-watch-now","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=54693","title":{"rendered":"Is Bitcoin Ready to Break Out? Key Level to Watch Now"},"content":{"rendered":"
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Bitcoin is moving closer to a major resistance zone, with the price building pressure near $110,800.<\/p>\n

A possible ascending triangle pattern is forming, which could signal a continuation if confirmed.<\/p>\n

Bitcoin Builds Structure Near Resistance<\/h2>\n

The daily chart shared<\/a> by Rekt Capital shows a rising trendline with flat resistance around $110,800. This setup suggests a potential ascending triangle \u2014 a common pattern that often leads to upward movement. The asset has made several higher lows, which indicates steady demand.<\/p>\n

\"Bitcoin<\/a>
Source: Rekt Capital\/X<\/figcaption><\/figure>\n

According to the analyst,<\/p>\n

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\u201cA daily close above ~$110.8K followed by a post-breakout retest of the top of the pattern would fully confirm the breakout.\u201d<\/p>\n<\/blockquote>\n

Support is holding around $107,000. Above the triangle, resistance stands at $114,420, and the previous peak at $123,500. Bitcoin is also hovering<\/a> near the 21-week EMA, which is around $111,000. Reclaiming that level could support further upside.<\/p>\n

Price Sits Between Key Valuation Levels<\/h2>\n

According to Gandalfcrypto, Bitcoin is trading about 10% above what he describes as the non-bubble fair value of $99,900. They added<\/a>,<\/p>\n

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\u201cReal euphoria starts when BTC breaks the non-bubble upper (~$149K) and trends toward the bubble zone ($290K+).\u201d<\/p>\n<\/blockquote>\n

For now, the market remains within range, with no signs of extreme price behavior.<\/p>\n

Liquidity data from Ted shows<\/a> that Bitcoin has clusters both above and below the current level. The $104,000\u2013$106,000 area may attract the price if momentum stalls. As CryptoPotato<\/em> recently reported<\/a>, BTC is also trading below the short-term holder realized price of $113,250, while long-term holders have an average cost basis near $36,910.<\/p>\n

Meanwhile, Bitcoin\u2019s next move may also be influenced by broader factors. These include<\/a> the US government reopening and upcoming talks between US and Chinese officials on trade tariffs. Until a clear move above or below the current range, traders are staying alert.<\/p>\n

The US CPI data is also scheduled to be released today for September. It\u2019s anticipated<\/a> to be higher than the previous month, which could trigger immediate volatility. However, the US Federal Reserve is still likely to cut the interest rates next week, which could boost BTC.<\/p>\n

The post Is Bitcoin Ready to Break Out? Key Level to Watch Now<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is moving closer to a major resistance zone, with the price building pressure near $110,800. A possible ascending triangle pattern is forming, which could signal a continuation if confirmed. Bitcoin Builds Structure Near Resistance The daily chart shared by Rekt Capital shows a rising trendline with flat resistance around $110,800. This setup suggests a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-54693","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/54693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54693"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/54693\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}