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Bitcoin Breakout: Technical Signals and ETF Flows Put BTC Back on Traders’ Radar
From a technical perspective, Bitcoin’s price structure has improved meaningfully. chart The market broke the January to February downtrend on 5 February, before entering a period of consolidation. Since early February, BTC had been trading within a defined range between $63,000 and $71,700. On Wednesday, price finally broke above the upper end of that range, rallying 7.8% on the day. That move ranks as the fourth largest daily percentage gain over the past 12 months, signalling strong directional conviction. Breakouts following extended consolidation periods often attract momentum traders. When ranges compress ... (full story)
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