Bitcoin (BTC) Edging Toward Confirmed Breakout As Price Pushes Against Resistance, According to Analyst

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A closely followed crypto analyst says that Bitcoin (BTC) is close to confirming a breakout after repeatedly pushing against tough resistance.

Pseudonymous trader Rekt Capital tells his 504,000 followers on the social media platform X that BTC is one daily close away from validating a breakout from a seven-month range.

“Bitcoin is once again pressing beyond the very top of the resistance area (red).

Bitcoin just needs one Daily Close beyond the red resistance to position itself for a confirmed breakout from here.

Daily Close is essential to confirm lack of upside wicks beyond resistance.”