Standard Chartered's head of cryptocurrency research, Geoffrey Kendrick, has provided an optimistic outlook for Bitcoin (BTC), suggesting that it could break out of its resistance. According to Decrypt, Kendrick attributes this potential breakout to positive market sentiment, driven by the Federal Reserve's rate cuts and the widening spread between the 10-year and 2-year U.S. Treasury yields. This indicates optimism in the economic outlook, which can support the price of BTC. Moreover, Kendrick highlights an improvement in market sentiment towards BTC since Vice President Kamala Harris expressed support for digital assets. AltIndex data shows a surge in BTC-related sentiment, reaching 83 on a scale of 0 to 100. This positive sentiment has contributed to expectations that BTC could break out of its resistance. Additionally, the increase in BTC search volume on Google Trends suggests early signs of a potential bull cycle.