Bitcoin Muted While Ethereum Surges, Why BTC Could Soon Break $60K

[H2O]

Bitcoin price started a fresh increase above the $56,500 resistance zone against the US Dollar. BTC is now approaching a major break, with a major hurdle near $60,000.

Bitcoin is showing positive signs above the $56,500 and $58,000 resistance levels.
The price is now trading well above $58,000 and the 100 simple moving average (4-hours).
There is a major contracting triangle forming with resistance near $60,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to accelerate higher once it clears the $60,000 resistance zone in the near term.source