Bitcoin Breaks $96,000 Ahead Of ‘Pivotal Week’
Bitcoin (CRYPTO: BTC) has broken through $96,000 in Thursday trading and could be headed even higher, according to technical analysis.
What Happened: In his monthly market analysis podcast published on April 30, technical analyst Kevin highlighted that Bitcoi is nearing a potential breakout from its current consolidation at the golden pocket resistance zone.
This price between $94,410 and $95,581 is historically significant, and Kevin suggests a resolution is likely imminent, particularly with the help of favorable macroeconomic conditions.
He points to improving inflation data, a potential shift in Federal Reserve policy, and growing Bitcoin dominance as bullish signals.
Kevin also noted that Bitcoin dominance has risen for five consecutive months, a rare occurrence only seen once before in 2019. …
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