<ul><li>Bitcoin price has breached above the 200-day moving average, signaling the start of a new bullish cycle.</li><li>Traders are advised to be cautious as the current trade setup resembles a corrective wave rather than a breakout wave.</li><li>The BTC price is within a descending parallel channel and has broken above horizontal consolidation, but a breakout validation is not yet confirmed.</li><li>Bitcoin ETFs are experiencing significant netflows, indicating institutional confidence in the token's long-term potential.</li></ul>

Bitcoin Breaking Out: Is it the Right Time to Long BTC or Wait for the Bullish Confirmation?

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