Bitcoin Hits $9.4K but a Bullish Breakout is Still Not Confirmed

A five-minute price rally took bitcoin above $9,400 on January 28.
The move upside helped the cryptocurrency break above a long-term resistance area.
Earlier in November, bitcoin had broken above the same price ceiling but failed to sustain its upside momentum.Bitcoin was among the only few assets that managed to post gains amidst uncertain macroeconomic conditions.
The benchmark cryptocurrency surged above $9,400 during London’s pre-midnight session on Tuesday, swelling by more than $300