According to Coingabbar Technical Analysis, Bitcoin formed a base above the $41,500 support zone.
After trading sideways, The BTC price broke through previous highs.
Bitcoin's recent breakout from a four-week pennant pattern is notable.
BTC is gaining momentum, surpassing $44,000 and $44,500 resistance levels.
Recent rumors of spot ETF approval have fueled a fresh increase in Bitcoin price.
Bitcoin's price is up by over 7.70%, clearing the $45,000 resistance.
Positive signs are evident as Bitcoin maintains a closing price above the $45,000 resistance level.
The BTC price broke out of an ascending triangle, aiming for the next resistance at $47,600.
KEY LEVELS :
RESISTANCE LEVEL : $46,000-$46,600
SUPPORT LEVEL : $45,400-$44,800
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice