Bitcoin Price Breaks 6-Week Downtrend—Is This Rally Real?
Yahoo Finance·2026-01-07 21:49
Bitcoin just broke out of a six-week bearish price pattern, a technical signal many traders watch for trend changes. BTC traded near $91,300 after pushing through long-standing resistance, shaking off weeks of sideways action. This move lands as institutional money keeps flowing in through ETFs, even as global tensions test risk appetite. Price action matters because breakouts often reset investor psychology. After weeks of hesitation, buyers finally stepped in with conviction. The question now is simple ...