BTC/USD gearing up for a breakout higherBitcoin vs US DollarFPMARKETS:BTCUSDFPMarketsThe daily chart of BTC/USD appears to be gearing up for a breakout higher. Buyers and sellers are battling for position around the underside of resistance at US$76,742, with very little selling pressure at this point. While any rejection from the noted resistance could pull the pair as far south as trendline support around US$70,393 – extended from the low of US$59,780 – sentiment suggests a breakout to the upside could be on the table. Cautious traders – those wary of bull traps – will want to at least see a retest of US$76,742 as a support (per black arrows), while more aggressive traders may look to enter on a close above the level. Regardless of the entry strategy used, resistance at US$85,120 warrants attention as an upside objective. Written by FP Markets Chief Market Analyst Aaron Hill