Bitcoin in the cusp of BreakoutBitcoin all time history indexINDEX:BTCUSDnorokBitcoin today has rallied off a consolidation to the cusp of a breakout. Price is bullish versus the Daily Ichimoku cloud which is Step 1 in a breakout. For years I have watched the Daily Ichimoku Cloud breakout as one of the most reliable indicators of Bitcoin trends. If price can make the Chikou (Lagging Span) close above the key level of 79022, which is also a Volume Profile node, then the bullish breakout will be confirmed. March 2022: The pattern of this Bitcoin bear cycle has been eerily similar to the last with two distinct pushes down and an initial false breakout. On that historical example of this signal price rallied but hit Resistance at the 200 SMA overhead. It then went down for one final leg. What worked against the bullish breakout last time was strong Volume Profile Resistance coinciding with the 200 SMA.