Bitcoin Breaks Out of Triangle Pattern: Matrixport Sees More Upside Ahead

Bitcoin’s recent price action is generating optimism among traders, as a technical breakout from a consolidation triangle suggests that the leading cryptocurrency may be preparing for further gains. According to a June 10 report by Matrixport, Bitcoin has invalidated its short-term downtrend and entered a bullish continuation phase—provided it holds above the critical $105,075 support level.