Bitcoin Breaks Through Resistance, Signaling Potential Bull Market Expansion

Bitcoin has surged past a crucial resistance level, signaling a significant shift in the cryptocurrency market. The digital currency has broken through the $85,000 mark, transitioning from resistance to support and potentially sparking a new bullish trend. analysts attribute this rise to expanding DeFi applications and growing institutional interest. The breakthrough marks a notable departure from Bitcoin’s long-term downtrend as it exits a downward channel closely watched by traders. This move could signal the beginning of an enduring upward trend.