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![coinwaft Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1679876435354214401.png) Coinwaft [@coinwaft](/creator/twitter/coinwaft) on x 2977 followers
Created: 2025-07-20 13:06:01 UTC

🚨 Bitcoin Forms Descending Wedge Pattern as Price Eyes $120,000+ Breakout Target 

📊 $BTC currently at $XXXXXXX testing major descending wedge resistance 
📊 Clear wedge pattern formation with converging trendlines creating bullish setup 
📊 Price action compressing near apex with decreasing volume typical of wedge 
📊 Critical support zone holding around $117,000-$118,000 level 
📊 Descending wedge breakout targeting $120,000+ as next resistance zone 👀 

This wedge compression suggests BTC is coiling for explosive move higher on breakout...

![](https://pbs.twimg.com/media/GwTY_Z2WYAAEwbj.jpg)

XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946919525817204951/c:line.svg)

**Related Topics**
[$btc](/topic/$btc)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)
[coins pow](/topic/coins-pow)

[Post Link](https://x.com/coinwaft/status/1946919525817204951)