Bitcoin attempts breakout from bull flag

Bitcoin’s breakout and successful retest from a head-and-shoulders pattern has formed a bullish flag, pointing to further upside toward 142,400 and potentially 148,000. Rising 21-day and 50-day moving averages, currently near 116,900 and 114,000, provide a solid technical base for this move. The MACD histogram just flipped to positive, and a sustained positive MACD histogram would add confidence to the bullish outlook.