Bitcoin Price Builds Its First Breakout Setup of April, but One Metric Dropped Over 50%

Bitcoin price today trades near $71,800, up roughly 2.9% over the past month. A bullish pattern on Bitcoin’s (BTC) daily chart now points to an 11% breakout target. Yet the data behind the rally tells a cautious story. Bitcoin open interest has dropped, spot outflows have halved, and long-side conviction is well below earlier levels. The post Bitcoin Price Builds Its First Breakout Setup of April, but One Metric Dropped Over 50% appeared first on BeInCrypto.