Bitcoin is showing two bullish chart signals at once as price tests wedge resistance and moves toward a major liquidation cluster overhead. Together, the setups suggest momentum is building, although traders still need a confirmed breakout to strengthen the case.
Bitcoin Tests Wedge Breakout as Chart Points to Possible Return to Record Highs
Bitcoin is testing a possible breakout from a descending broadening wedge on the daily chart, according to trader SuperBro. The setup shows price moving into a key resistance zone near the upper trendline after a strong recovery from the February low.
BTCUSD / Bitcoin U.S. Dollar Daily Chart. Source: TradingView/SuperBro on X
The chart outlines a long period of lower highs and sharp swings inside a widening downward structure. Earlier in the pattern, Bitcoin fell hard toward the lower boundary before reversing. Since then, buyers have pushed price steadily higher. Now, the latest move has brought Bitcoin back to the top of the wedge, where a breakout attempt appears to be forming.
SuperBro’s chart projects a measured move toward all time highs if that breakout holds. The target box begins around the breakout area and stretches toward the $125,000 region, while the label also points to a possible return above the previous peak first. In that sense, the chart presents two bullish ideas at once: first, reclaiming the wedge resistance as support, and second, extending the move toward record territory.
Still, the setup is not confirmed just because price reached the trendline. Bitcoin needs to close clearly above the upper boundary and avoid falling back into the pattern. Until that happens, resistance remains active. If buyers keep control, the breakout case strengthens. If not, the wedge may continue to hold price in a volatile range.
Bitcoin Faces Pull Between Dense Liquidation Zones as $80K Area Comes Into Focus
Bitcoin’s liquidation heatmap shows a strong cluster of liquidity above the current price, while several large zones also remain below. That setup suggests $BTC may keep moving toward the nearest high density area first, with the upper band around the high $70,000s to $80,000 standing out as the next likely magnet.
Bitcoin Liquidation Leverage Heatmap. Source: CoinGlass/Ted on X
The chart shows bright yellow bands, which usually mark areas with heavier liquidation leverage. Right now, one of the clearest clusters sits above recent price action, especially around the upper $70,000 range. As Bitcoin pushed higher into the end of the chart, it also moved closer to that liquidity pocket. That often matters because price tends to get drawn toward nearby zones where leveraged positions could be forced out.
At the same time, strong liquidity bands remain below, especially around the low $70,000 area and deeper into the upper $60,000 range. So, even though the short term path appears tilted upward, those lower levels still matter if momentum weakens after a sweep higher. In other words, the heatmap points to two-sided liquidity, but the nearest visible target appears to be above current levels.
Based on this chart alone, Bitcoin looks more likely to test the overhead liquidation cluster first before any larger reversal becomes clear. If it pushes through that zone, the next move could open room toward the $80,000 mark. However, if price taps the upper band and fails to hold, traders may then watch whether $BTC rotates back toward the lower liquidity pockets.