Bitcoin has confirmed a breakout from a descending wedge pattern, indicating renewed buying interest as it approaches the $113,440 resistance level. The cryptocurrency's trading volume surged by 117%, and its price increased by 3.93% in the past 24 hours, reaching $111,198.72. Strong support is noted near $108,500, and analysts suggest that if the current momentum persists, Bitcoin could see further gains to $115,800 and beyond.