Bitcoin bullish breakout of bearish channel confirmed

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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.

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 bullish breakout of bearish channel confirmed