Bitcoin Rallies and Prepares For Huge Breakout

Bitcoin (BTC) climbed to multi-day highs on October 12, as markets mirrored last weekend’s brief upward movement. Data from Cointelegraph Markets Pro and TradingView showed BTC nearing $63,500, with a 1.5% gain on the day, similar to its behavior the previous weekend. Bitcoin made strong gains during the October 11 Wall Street trading session after spending much of the week testing the $60,000 support level. Following U.S. equities, Bitcoin brushed off new inflationary pressures in the U.S., despite markets scaling back expectations for future interest rate cuts. “Initial low was swept & clearly inability to breakdown so naturally there’s a