Bitcoin's Breakout: New Upward Move or Retracement?

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On April 29, the Bitcoin (BTC) price broke out from a short-term ascending channel that had been in place for the past five days. The price reached a high of $7966 before decreasing slightly.Bitcoin's BreakoutAfter five unsuccessful attempts at moving above the resistance line, the Bitcoin price finally managed to move above it on its sixth try. The breakout transpired with higher than

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