“After four days of consolidation, bitcoin broke out bullishly above trend line resistance at $44,000, trading rapidly up to a high just shy of $48,000,” Patrick Chu, director of institutional sales and trading at crypto over-the-counter (OTC) trading firm Paradigm, told CoinDesk. “Throughout the period of consolidation, we continued to see bullish views being expressed via call spreads from our institutional client base.”
