Bitcoin price stages 2-week downtrend breakout with $112K next target

Bitcoin price stages 2-week downtrend breakout with 2K next target

Bitcoin adds to its downtrend reversal signals with a daily close beyond a key trend line, but not everyone is convinced that bulls are safe.

Key points:

Bitcoin manages a daily candle close outside its downtrend for the first time since mid-August.

This means that a breakout should be “confirmed,” according to analysis.

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