Odaily Planet Daily News Crypto analyst Scott Melker wrote on the X platform that Bitcoin has broken through the falling wedge pattern that has lasted for several months, indicating a potential bullish reversal. The $88,800 range may be the key resistance level to reverse the market structure. If it fails to break through, the bulls may not be able to continue to maintain strong momentum. In addition, Bitcoin whales are still in a strong accumulation area. Currently, large holders (whales and sharks) holding more than 100-1000 Bitcoins are rapidly absorbing Bitcoin. The current absorption of this group has exceeded 300% of the annual issuance of Bitcoin. At the same time, the amount of Bitcoin held by exchanges continues to decline, and the annual absorption