Bitcoin Rally Sparks Breakout Hopes

From tickmill.com

Following a sharp move lower yesterday, which saw the market hitting its lowest level since November, BTC are now rebounding firmly. The futures market has rallied around 8% off yesterday’s multi-month lows, benefitting from a softer USD over the last 24hrs. A shift in Fed outlook recently has cast clouds over the BTC rally with the market correcting from December highs. However, prices action looks to be stabilizing now with the market bouncing off the key, 91.750 support. While this level holds, the focus is on a return to highs over Q1. The improvement in sentiment looks to be linked to fresh optimism ahead of ... (full story)