Important Update: Bitcoin's Breaking Out & Why You Should Remain Cautious!
Bitcoin closed yesterday with an important candle, propelling the price above 60k. As a result, Bitcoin broke out of its bearish chart pattern on the lower timeframe. Super important! But that's only half the battle.
Bitcoin must break above the middle band of its long-term bull flag to ignite some solid bullish momentum. Currently this resistance sits at ~61k.
Moreover, Bitcoin must confirm the break out on a higher timeframe.
Until this happens, we have to stay cautious🚨
