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Bitcoin Breaks Above Key Resistance Levels, Resumes Bull Trend

Guavy AI Editorial Team
Instruments
BTC MEW
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Bitcoin has resumed its longer-term bull trend after a technical breakout above key resistance levels.

The price has reclaimed both the 50-day and 200-day moving averages, a classic sign of a trend reversal. The relative strength index (RSI) is showing bullish momentum without being overbought, suggesting room for further upside.

This development occurs against a backdrop of increasing institutional interest and clearer regulatory frameworks in several jurisdictions.

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