Bitcoin BTC Possible Breakout

BTC has already tested a breakout twice before in this extended downtrend and is now looking to test it a third time. The breakout patterns have been relatively similar and I expect the same in this case. If there is a break in the trend of the previous two breakouts that would be a decent signal that momentum is turning one way or the other.

S&P has had a strong reversal towards the weekly close and will fuel the bulls here for the time being. Will be crucial to see how BTC handles this resistance.

Bitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTChart PatternsCryptocurrencyTechnical IndicatorsTrend Analysis

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