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

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  • Breakout confirmed from descending wedge: bullish momentum above key resistance.

  • 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.

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    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.

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    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.

    image 412
    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

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    Source: https://en.coinotag.com/bitcoin-may-be-confirming-breakout-from-descending-wedge-trading-near-112k-with-113k-115k-resistance/