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Crypto

Bitcoin bullish breakout of bearish channel confirmed

MarketsFN Team

•1 min read
Bitcoin bullish breakout of bearish channel confirmed

Bitcoin is confirming its positive momentum advancing by 2.82% to 28,957$ after yesterday breakout of the bearish channel. Next resistence in area 30,000 and then its 2023 high near 30,960.

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Positive news from mainstream financial providers is lifting the cryptocurrency. After BlackRock applied for a spot BTC ETF in the USA last week and then this week news that a new crypto exchange backed by Citadel Securities, Fidelity and Charles Schwab had been operative for several weeks , Deutsche Bank applied for a digital assets custodian licence with Bafin, the German regulator.

#Bitcoin#Capital Markets
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