Bitcoin Poised For Bullish Breakout—But Only If This Key Condition Is Met

Bitcoin traded as high as $73,000 following a 9% price rally in the past week. However, the broader market suggests the leading cryptocurrency is still stuck in a bear phase that’s been dragging on for more than six months. Interestingly, historical data suggest that recent price movement could trigger a significant bullish rebound, providing investors with a mid-term to long-term relief period. Related Reading: Bitcoin On The Brink: One Move Could Trigger A Massive Shift Bitcoin Nears Key Support Level As Bulls Eye Historical Recovery Run In an X post on April 11, renowned analyst Ali Martinez shares a positive observation of the Bitcoin price chart, highlighting a cyclical price rally. Notably, this price surge is triggered by a retest of a particular long-standing...