Bitcoin Blasts Past $100K as Wyckoff Breakout Hints at Vertical Surge

By: cryptosheadlines|2025/05/11 07:30:06
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Bitcoin tops $100K as Wyckoff breakout and bullish patterns hint at vertical price surge.Institutions added 41,300 BTC in 30 days, led by MicroStrategy and Metaplanet buys.Technical signals and bullish forecasts point to a potential run toward $180K–$200K.Bitcoin surged past $100,000 this week, validating a breakout pattern many analysts have been tracking. According to multiple technical readings, BTC has completed a Wyckoff “creek jump,” with the current consolidation phase aligning with past setups that often lead to vertical price acceleration.Institutional Buying Pushes Bitcoin HigherAccording to an analysis prepared by CryptoQuant contributor Caueconomy, whales holding between 1,000 and 10,000 BTC have added over 41,300 BTC in the last 30 days. This trend suggests institutional buyers continue to accumulate Bitcoin, regardless of short-term price fluctuations.Source :Caueconomy(CryptoQuant)Major firms like MicroStrategy and Metaplanet led recent accumulation. MicroStrategy acquired 1,895 BTC for $180 million, while Metaplanet raised $21.25 million through bond sales to purchase additional BTC. These moves reflect growing confidence from corporate treasuries using Bitcoin as a long-term reserve asset.$BTC WYCKOFF BREAKOUT IN FULL EFFECT!Bitcoin jumped the creek and never looked back.If you know this pattern...Next move? Vertical acceleration.Front-run it, or chase it later. pic.twitter.com/QYLylfTdMG— Merlijn The Trader (@MerlijnTrader) May 9, 2025BTC trading volume remains high as it hovers between $101,000 and $103,000. According to data from CoinGecko, Bitcoin gained 3.7% on Friday, reaching an intraday high of $104,361 before cooling slightly.Bullish Technical Setup Forms After Price ConsolidationAccording to Crypto Boss via X, Bitcoin is currently forming a right-angled descending broadening wedge pattern. A confirmed breakout above resistance with strong volume may trigger further upside. The Zig Zag pattern on the daily chart shows a $23,387 rebound from the April low at $74,508.Source :Crypto Boss(X)Bollinger Bands suggest that BTC is trading in the upper range, with support near the 20-day moving average at $94,930. A hold above this level could reinforce current bullish pressure, while a drop below $100,000 may signal short-term weakness.Market conditions also remain favorable. Standard Chartered forecasts $200,000 by year-end, and VanEck projects $180,000 under a dual-cycle model. As Wyckoff breakout conditions align, analysts are watching for vertical acceleration in the coming sessionsSource link

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