Bitcoin Price Analysis: $125,800 Still the Line That Matters

BTCUSDT’s price remains trapped inside a rising wedge on the daily chart, signaling indecision after the “Great Reset.” The 0.236 Fibonacci level near $111,100 continues to act as strong support, where buyers have repeatedly defended the zone since the October 10 crash.

For any real strength to return, BTCUSDT needs a daily close above $115,100 to build momentum. But the critical breakout confirmation still sits at $125,800. A clean move above this resistance would break the wedge’s upper trendline and open the path toward $126,200 — and possibly $136,400, based on Fibonacci extensions.

Until that happens, the sBTCUSDT tructure stays fragile. Failing to clear $119,200 could invite renewed selling, while dropping below $111,100 risks deeper losses toward $104,500. The on-chain setup may hint at recovery, but the charts make one thing clear: Bitcoin’s bullish reversal hinges entirely on a breakout above $125,800.