Bitcoin is currently holding within a descending expanding wedge pattern near price resistance. As of March 23, 2026, the asset is trading at $68,52 thousand, positioned where a breakout could pave the way for gains.

This descending expanding wedge represents a volatile range where upper peaks become higher and lower troughs become lower. Such patterns often precede sharp movements in either direction. If BTC breaks through the resistance level, the breakout could initiate an upward move with a target of $70 000 — approximately 2% above the current level.

The development of the scenario depends on whether the price holds the nearest support levels and receives positive momentum from the market. Traders are closely watching how bitcoin behaves at the boundaries of the descending expanding wedge, as its breakout could serve as a signal for reassessing the asset's short-term prospects.