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 trigger.
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Breakout confirmed from descending wedge: bullish momentum above key resistance.
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Immediate resistance: $113,200–$115,000; clustered shorts near these levels could fuel short squeezes.
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Market support: $8.34B DeFi value locked, 652,000 active BTC addresses, and $795M DEX volume in 24h.
Bitcoin breakout confirmed, BTC price tests $113K–$115K resistance; read latest levels and analysis — stay informed with COINOTAG updates.
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 resistance.
- Resistance levels at $113,200–$115,000 remain crucial as clustered shorts could trigger liquidations.
- Market strength supported by $8.34B DeFi value locked and 652,000 active Bitcoin addresses.
Bitcoin price confirmed an upside breakout from a descending broadening wedge after consolidating in a tight range. The structure formed with lower highs and lower lows before a reversal developed. The breakout reached its projected target zone and maintained bullish momentum.
What 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 reversal. This breakout matters because it can shift short-term sentiment, attract liquidity, and trigger short-covering that amplifies upward movement.
How strong is the breakout and what on-chain data supports it?
Strength is supported by multiple metrics. DeFi value locked rose to $8.343 billion, active Bitcoin addresses exceeded 652,000, and decentralized exchange volume reached $795 million in 24 hours. These indicators show increased participation and capital flow into the market.
$BTC #Bitcoin Descending Broadening Wedge Upside breakout is Confirmed..✅ pic.twitter.com/nbka0VF7nd — Captain Faibik 🐺 (@CryptoFaibik) September 29, 2025
Price then moved sharply upward, breaking the wedge resistance line. Captain 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 breakout.
How do technical levels and liquidity clusters affect the next moves?
Immediate resistance sits at $113,200–$113,500, with $115,000 as a decisive threshold. Coinglass 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.
Source: AltcoinSherpa (X)
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 momentum. Support 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 breakout.
Coinglass reported net outflows of $71 million on September 29, which can reflect accumulation or short-term repositioning. Traders should watch liquidity clusters and orderbook heatmaps for early warning signs.
Frequently 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 rally. Monitor DeFi value locked, active addresses, and short concentration for confirmation.
What 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 placement.
Key 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 squeezes.
- Market support: $8.34B DeFi value locked, 652K active addresses, and $795M DEX volume reinforce the move.
Conclusion
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 confirmation. COINOTAG will continue to track updates and market signals as the situation develops.
Published: 2025-09-29 | Updated: 2025-09-29 | Author: COINOTAG
