Bitcoin is poised for a potential breakout from a falling wedge pattern, targeting prices between $118,000 and $119,484. The cryptocurrency's recent rise from $112,000 to $116,000 was spurred by Federal Reserve Chair Jerome Powell's comments at Jackson Hole, which increased the likelihood of a September rate cut. Currently trading around $115,700, Bitcoin shows stability near wedge resistance, with analysts predicting further gains if it surpasses $114,000. Market data from Coingecko reveals Bitcoin's market capitalization at $2.304 trillion, supported by strong liquidity and active trading. Analysts, including Captain Faibik, suggest that smart money accumulation indicates a potential upward trend continuation.