Bitcoin Breaks Out of Trend – Confirmation of Bullish Momentum

Bitcoin has made a significant breakout, breaking through crucial technical resistance levels to confirm a bullish trend. This upward move signals that the current bullish momentum may continue, according to analysts who attribute it to factors such as renewed capital inflows and diminishing concerns over CPI data. The recent breakout is marked by a ‘bullish triangle’ pattern, where price consolidation around converging support and resistance lines led to an decisive push above key resistance, signifying buyers regaining control. Here’s a deeper dive into the analysis: