Bitcoin Weekly Outlook: Breakout Over $60K Expected on Coinbase Listing

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Key Bitcoin Takeaways Bitcoin flirts with $60,000 for a breakout move. The cryptocurrency is trending inside a classically bullish ‘Ascending Triangle’ pattern. Coinbase’s listing on Nasdaq, US inflation data update this week promises further upside. Bitcoin has endured significant selling pressure over the last few trading sessions as it attempts to close above $60,000. The flagship cryptocurrency trades $1,500 lower from its previous all-time high level, near $61,778 (data from Coinbase). Despite positive fundamentals, led by Goldman Sachs and Morgan Stanley’s decision to offer bitcoin-enabled investment services to their wealthy clients, BTC/USD bulls remain cautious against a rising US dollar. As a result, repeated attempts to break above $60,000 have failed on follow-throughs. The new week also begins with Bitcoin trading above the said psychological resistance level, relying on a convergence of technical and fundamental catalysts to pursue an extended uptrend. That Ascending Channel The first bullish cue for Bitcoin…

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