Bitcoin Chart Analysis — So Close To A Breakout

Yesterday, Bitcoin showed strength but couldn’t push through the crucial $64.5K and $65K levels. We’re still waiting for that confirmation to see if BTC can finally break out of its long-term downtrend.

China’s recent decision to roll out economy support packages has primarily driven the market, which boosted the broader crypto market. Despite the positive sentiment, the status remains bullish but uncertain as long as BTC hovers at these key levels.

The good news: The chart looks more promising with each passing day, and I expect a continuation today. But remember, until we get that breakout confirmation, we will remain cautious.

In the meantime, many altcoins are setting up beautifully for potential massive runs. Chainlink (LINK), Binance Coin (BNB), Cardano (ADA), Render (RNDR), and several others are primed for big moves.

Enjoy the ride with altcoins, but keep a close watch on Bitcoin’s chart for its next big move. A breakout here could ignite the next leg up!