Bitcoin (BTC) is currently showing positive momentum, with the cryptocurrency undergoing a significant rally so far in January, with a 40% increase in value to reach $23,000. This marks the steepest gain for Bitcoin since October 2021. The recent price rally has led analysts to focus on higher valuations that were last seen in mid-2022 but also anticipate further gains based on the sentiment of traditional risk assets. Bitcoin is on track for a major breakout on its 1-year chart, with the possibility of reaching $46,100 sooner than expected, after first breaking resistance levels at $25,000 and $32,000, according to ... (full story)