Bitcoin May Be Confirming Breakout From Descending Wedge, Trading Near $112K With $113K–$115K Resistance

Bitcoin confirmed an upside breakout from a descending broadening wedge, trading near $112,000 and testing resistance at $113K–$115K; market strength is supported by $8.34B in DeFi value locked and 652,000 active addresses, making a sustained move above $115K a key bullish ￰0￱ confirmed from descending wedge: bullish momentum above key ￰1￱ resistance: $113,200–$115,000; clustered shorts near these levels could fuel short ￰2￱ support: $8.34B DeFi value locked, 652,000 active BTC addresses, and $795M DEX volume in ￰3￱ breakout confirmed, BTC price tests $113K–$115K resistance; read latest levels and analysis — stay informed with COINOTAG updates. , "description": "Bitcoin confirmed an upside breakout from a descending broadening wedge, trading near $112K with $8.34B DeFi locked and key resistance at $113K–$115K." , Bitcoin confirms breakout from descending wedge, trading near $112K with $8.34B DeFi locked, key resistance at $113K–$115K.

Bitcoin confirmed a breakout from a descending wedge, maintaining momentum above key ￰4￱ levels at $113,200–$115,000 remain crucial as clustered shorts could trigger ￰5￱ strength supported by $8.34B DeFi value locked and 652,000 active Bitcoin ￰6￱ price confirmed an upside breakout from a descending broadening wedge after consolidating in a tight ￰7￱ structure formed with lower highs and lower lows before a reversal ￰8￱ breakout reached its projected target zone and maintained bullish ￰9￱ is the Bitcoin breakout structure and why does it matter? Bitcoin breakout refers to BTC moving decisively above the resistance line of a descending broadening wedge, signaling a potential trend ￰10￱ breakout matters because it can shift short-term sentiment, attract liquidity, and trigger short-covering that amplifies upward ￰11￱ strong is the breakout and what on-chain data supports it?

Strength is supported by multiple ￰12￱ value locked rose to $8.343 billion, active Bitcoin addresses exceeded 652,000, and decentralized exchange volume reached $795 million in 24 ￰13￱ indicators show increased participation and capital flow into the market. $BTC #Bitcoin Descending Broadening Wedge Upside breakout is Confirmed.. ￰14￱ — Captain Faibik (@CryptoFaibik) September 29, 2025 Price then moved sharply upward, breaking the wedge resistance ￰15￱ Faibik noted the breakout achieved its measured projection highlighted on the chart. A minor retracement followed but stayed above the broken resistance, confirming strength in the ￰16￱ do technical levels and liquidity clusters affect the next moves?

Immediate resistance sits at $113,200–$113,500, with $115,000 as a decisive ￰17￱ data showed nearly $1.58 billion in shorts clustered near that zone, and such concentration increases the chance of rapid liquidations if BTC pushes through.) Altcoin Sherpa highlighted $113,000 and $116,000 as next watch zones; BTC is in a recovery after rebounding near $108,000. Short-term moving averages show the 20 EMA crossing upward with the 50 EMA close behind, indicating improving ￰18￱ is between $111,600–$111,800 and the 200-day EMA sits near $106,336. When could the breakout fail and what are the risk signals? A failed breakout may occur if BTC falls back below the broken resistance and closes under key support at $111,600–$111,800.

Risk signals include rising net outflows, weakening DEX volume, and failure of follow-through on volume after ￰19￱ reported net outflows of $71 million on September 29, which can reflect accumulation or short-term ￰20￱ should watch liquidity clusters and orderbook heatmaps for early warning ￰21￱ Asked Questions Is this breakout likely to lead to a sustained rally? If Bitcoin sustains closes above $113K and clears $115K with supporting volume and on-chain metrics, the breakout has higher odds of developing into a sustained ￰22￱ DeFi value locked, active addresses, and short concentration for ￰23￱ immediate support levels should traders use for risk management?

Use $111,600–$111,800 as near-term support and the 200-day EMA near $106,336 as a longer-term support reference for position sizing and stop ￰24￱ Takeaways Breakout confirmed : BTC cleared a descending broadening wedge and held gains near $112K. Key resistance : $113,200–$115,000 — clearing $115K could trigger short ￰25￱ support : $8.34B DeFi value locked, 652K active addresses, and $795M DEX volume reinforce the ￰26￱ Bitcoin’s confirmed breakout from a descending wedge positions BTC price for further upside if it sustains above $113K and decisively clears $115K. Monitor liquidity clusters, DeFi value locked, and active address growth for ￰27￱ will continue to track updates and market signals as the situation develops.

Published: 2025-09-29 | Updated: 2025-09-29 | Author: COINOTAG