Until then, we expect more sideways volatility.”QCP nonetheless suggested that Bitcoin could still “outperform tactically in the near term,” citing the decision by video game retailer GameStop to add BTC to its corporate treasury.“While this is not a first in the corporate adoption story, the symbolic weight of GME's meme status could rekindle speculative fervour among retail participants,” it argued. “As the 2021 playbook reminds us, retail flows, if coordinated, have the power to challenge institutional positioning.”Daily chart breakout joins bullish BTC price hintsContinuing the positive theme, popular trader Titan of Crypto had good news for those following the daily BTC price chart.
Related: RSI breaks 4-month downtrend: 5 things to know in Bitcoin this weekAfter three months, he revealed to X followers on the day that Bitcoin had escaped a downtrend, marking the latest in a series of recent reversal cues.“BTC has just broken out of a 3-month descending channel, signaling a key shift in market structure,” he summarized alongside an explanatory chart.BTC/USDT 1-day chart.
Bitcoin (BTC) saw the return of US selling pressure at the March 26 Wall Street open as analysis eyed a “key shift in market structure.”BTC/USD 1-hour chart.
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Author / Journalist: Cointelegraph by William Suberg
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