• Bitcoin tests wedge resistance with bullish momentum and RSI support.
• Wave (5) targets $86,634 if breakout confirms.
• Holding above $80,000 signals a shift to an impulsive bullish trend.

Bitcoin — BTC, seems ready to break loose. After weeks of tightening up inside a falling wedge, the pressure is building. Momentum’s picking up, charts are flashing signals, and traders can almost hear the rumble beneath the surface. This doesn’t feel like just another move—it feels like something bigger. A confirmed breakout here could trigger a rally that shatters resistance and takes the market to new highs. The setup is loud, and Bitcoin rarely whispers before it runs.

Momentum Lines Up for a Move

The daily chart tells a compelling story. Wave (4) likely found a floor around $75,000—just above the 0.618 Fibonacci retracement level from wave (3). That area has held firm, forming a base for the next leg up. Rather than a sharp crash, the correction carved out a falling wedge. That pattern often marks the end of a pullback and hints at a reversal to the upside.

Now the price presses against the upper line of the wedge, facing off with the 200-day EMA. That moving average creates dynamic resistance. With both barriers stacked close together, a breakout could gather serious speed once momentum pushes through. These levels don’t just hold back price—they launch it when breached with force. Technical indicators are supporting this narrative.

The RSI bounced from around 40, a neutral zone that often marks recovery territory. Momentum is turning, but the indicator still sits far from overbought. That leaves plenty of space for a strong push before exhaustion kicks in. If wave (5) has indeed started, the first major target comes in at $86,634. That aligns with the 0.382 Fibonacci level and could become the next battleground.

Short-term Signals and Critical Zones

Looking closer at the 1-hour chart, things get interesting. Bitcoin just finished a corrective pattern labeled ABC inside wave Z. After that came a sharp bounce—an impulsive rally forming waves i and ii, with wave iii now gaining steam. The current push moves within a rising wedge. That adds a bit of caution in the short term, as this pattern can sometimes slow rallies.

Still, wave iii pushed beyond wave i with strength, showing buyers remain in control. The RSI on this chart tells a bullish story too. Higher highs and higher lows reflect growing confidence. But with values creeping toward 70, a small pullback might show up around $84,000. That area sits just below the $86,634 resistance zone.

Once wave v finishes, a quick correction may follow. This dip could help reset momentum before another leg higher begins. Watching the $80,000 support zone will be key. Holding above that level would signal that the trend has shifted from correction to full-blown rally.

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