BTCUSDT: Strong Breakout Puts $71.2K in Sight

Wait 5 sec.

BTCUSDT: Strong Breakout Puts $71.2K in SightBitcoin / TetherUSBINANCE:BTCUSDTDomicChainaBTCUSDT is trading around $69.6K, up more than 8% on the day, after a powerful breakout from the descending channel. The move was accompanied by a sharp increase in volume, confirming strong buyer participation. Macro conditions have also turned more supportive. The US Treasury’s decision to double long-dated bond buybacks pushed Treasury yields lower and weakened the Dollar, helping risk assets including Bitcoin rally sharply. Even though the latest FOMC Minutes showed persistent inflation concerns, markets largely looked past the hawkish tone. Technically, the breakout above the $64K–$65K structure marks a clear momentum shift. After such an explosive move, a short pullback would be healthy; as long as buyers continue defending the breakout structure, I favor continuation toward $71,000–$71,200. Can Bitcoin hold the breakout and push through $71K next?