GBP/USD Breaks Above Key Trend Line as Bitcoin Faces Hurdles

The GBP/USD currency pair has started a fresh increase above 1.3400, breaking through a key bearish trend line with resistance at 1.3305 on the 4-hour chart.

Bitcoin is facing hurdles near $64,500 and $65,650, with bears seemingly in control and potentially aiming for a fresh push toward the $60,000 level.

The British Pound's increase above 1.3380 against the US Dollar has been significant, surpassing 1.3400 to enter a positive zone on the chart.

According to technical analysis, if there is a downside correction in GBP/USD, the pair might find support near 1.3290 or the 100 simple moving average (red, 4-hour).