Bitcoin has confirmed an upside breakout from a descending broadening wedge, currently trading near $112,000 and testing resistance levels between $113,200 and $115,000. This movement is bolstered by $8.34 billion in DeFi value locked and 652,000 active Bitcoin addresses, indicating strong market fundamentals. A sustained move above the $115,000 mark is considered a significant bullish trigger. Data from Coinglass reveals nearly $1.58 billion in short positions clustered around the $113K–$115K range, suggesting potential for short squeezes if Bitcoin surpasses this resistance. Traders are closely watching liquidity clusters, DeFi metrics, and active address growth to confirm the breakout's strength.