Bitcoin Breakout May Be Ahead as Technicals Show Rally Extension
- A breakout above upper Vera band limit points to further gains
- Token has gained more than 220% since the beginning of 2019
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Bitcoin bulls looking for a catalyst that could extend its colossal rally may want to turn to technical analysis favored by some traders for a dose of good news.
Following an increase in prices over the last two days, Bitcoin has surged above its upper Vera band limit, which identifies upward or downward trends. The move indicates a sharp rise could be on the horizon as the token continues to trade above that limit.