Bitcoin Breaking out on the Weekly

This one weekly candle could change everything. Bitcoin is now above 25k, in the green box above the trading range that we have been in since June of 2022. Now Bitcoin has entered into purgatory between significant support of 25k and resistance of 30k. The RSI has also broken out and is in the bullish control zone. First thing we want to see here is a close on the weekly inside the green box. Next step will be a close above 30k, which will set us up for much higher prices.

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