Bitcoin is currently trading at $95,250.83, marking a 2.07% increase in the past 24 hours. Over the past week, it has surged by 12.70%, showing renewed strength. Trading volume also reflects growing confidence, hitting $40.34 billion, up 23.71%, a sign that the market is wide awake.
Despite the green candles, Bitcoin isn’t in the clear. Analysts warn that volatility is brewing. The market sits at a critical technical zone, and traders are bracing for a decisive move. Bullish optimism is rising, but bearish patterns linger, keeping both sides alert.
Bullish falling wedge pattern breaks to the upside
The bearish narrative starts with the pink inverse cup and handle. It’s a classic setup for downside action, especially when local support breaks. That support lies at $76,666. If price dips below, analysts expect a sharp drop toward the $60,438 mark, a level that could shake confidence.
On the flip side, bulls are watching a green falling wedge that’s already broken out upward. These patterns break up 68% of the time, and Bitcoin has followed the script so far. A retest of the wedge and even the pink handle may happen before any major push toward the bullish target of $172,570.
Twenty One raising $585M to expand and buy more Bitcoin
Beyond the charts, a new narrative is forming. Cantor Equity Partners saw its stock explode 134% this week after announcing a merger to create a Bitcoin-centered company called Twenty One. The stock jumped 50% on Thursday alone. Before the news, shares traded around $24.80.
This isn’t just hype. Twenty One plans to go public with over 42,000 BTC in its treasury, about $3.9 billion at today’s prices. Backers include major names like Tether, Bitfinex, SoftBank, and Cantor Fitzgerald. The firm aims to invest in Bitcoin, offer financial services, and create media around crypto. Jack Mallers, CEO of Strike, will lead the charge.
To fuel its mission, Twenty One will raise $385 million through notes and $200 million more through private investment. The funds will be used to buy more Bitcoin and power the company’s expansion. As bulls and bears lock horns, this kind of real-world investment could be a serious bullish tailwind.
