Bitcoin Could Break Falling Wedge Near $115,700 After Powell’s Rate-Cut Signal, Analysts Target $118K–$119.5K
The post Bitcoin Could Break Falling Wedge Near $115,700 After Powell’s Rate-Cut Signal, Analysts Target $118K–$119.5K appeared on BitcoinEthereumNews.com.
Bitcoin is consolidating in a falling wedge near $115,700; a confirmed close above $114,000 targets $118,000–$119,484 as traders interpret Powell’s dovish Jackson Hole comments and rising rate-cut odds as the catalyst for a near-term breakout. Falling wedge breakout target: $118,000–$119,484 Powell’s Jackson Hole remarks lifted BTC from $112,000 to $116,000 amid higher September rate-cut odds. Market data: market cap $2.304T, circulating supply 19,910,203 BTC, 24h volume $48.55B (Coingecko) Bitcoin falling wedge near $115,700, breakout targets $118K–$119,484; monitor $114K close for confirmation — read actionable levels and key takeaways. Bitcoin consolidates in a falling wedge near $115,700 as analysts target $118K–$119,484 after Powell’s rate cut signal boosts momentum ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitcoin is consolidating within a falling wedge formation on the one-hour chart after declining from recent highs above $132,000. BTC is trading around $115,700, showing stability near wedge resistance after rebounding from lows near $112,000. What is the Bitcoin falling wedge formation and why does it matter? The Bitcoin falling wedge is a bullish continuation pattern defined by converging descending trendlines on shorter time frames. A breakout above the wedge’s upper trendline—confirmed by a close above $114,000—typically signals upward momentum and measured targets toward $118,000–$119,484. How did analysts measure the breakout target? Analyst Captain Faibik measured the wedge’s height and projected a 5.67% measured move from the breakout point, yielding a target near $119,484.…
Filed under: News - @ August 23, 2025 9:28 pm