Bitcoin’s breakout from an ascending wedge could signal a new rally, but it depends on momentum and market conditions. Historically, such patterns often precede reversals or continuations; here, a bullish breakout might push prices toward $88,000-$90,000 if buying pressure holds. Technical indicators like rising volume and MACD bullish cross would support this. However, if the breakout fails or volume weakens, it could drop to $73,000-$75,000, negating the rally. External factors, like institutional flows or macro events, also play a role. Watch for confirmation above key resistance at $85,000 to validate the uptrend.