Bitcoin #BTC has recently achieved a new all time high after successfully breaking out of the descending broadening wedge pattern a bullish signal that suggests the potential for further upward movement. A confirmed candle close above the resistance trendline would solidify the breakout and signal the likelihood of a sustained bullish rally. Supporting this bullish outlook both the 21 day and 50 day moving averages MA are showing strong upward momentum reinforcing the strength of the current trend. With these technical indicators aligning Bitcoin is well-positioned to continue its ascent potentially driving prices even higher in the coming days as the market gains further bullish conviction.

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