Bitcoin $BTC is currently forming a wedge pattern, which is often seen as a potential bullish breakout signal.

Short term (2-3 months): Price target is $85,000, which could become the first upside target in the short term if the wedge pattern is confirmed.

Early to mid-2025: Longer-term targets look toward $110,000, which would serve as a key milestone in 2024 if Bitcoin can sustain upward momentum and break through key resistance levels.

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By the end of 2026: A more ambitious goal is $250,000, which would mark a whole new level of value for Bitcoin.

Volumes are currently holding steady, and once the wedge pattern is broken, it could trigger the next big move in price. Breakouts of this pattern are often accompanied by significant price movement, so investors should pay close attention to volume and price action in order to catch possible trend changes.