Bitcoin ($BTC) is once again capturing headlines as it flirts with a major breakout above $63,500. After weeks of consolidation, pro traders are watching key $BTC candle patterns that signal bullish momentum.
What’s Fueling the Move?
Institutional demand is surging, with spot Bitcoin ETFs seeing record inflows.
Bitcoin halving supply shock continues to limit new supply.
$BTC remains above its 20-day EMA, a sign of sustained buyer strength.
Technical Setup to Watch
A bullish engulfing candle has formed on the daily chart, often a precursor to sharp upward moves. If Bitcoin $BTC closes above $63,800 with volume, analysts expect a fast move toward $99,000.
How to Profit
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