Breakout
A price movement where an asset decisively breaches a predefined technical resistance or support barrier, usually accompanied by expanding volume.
In-Depth Explanation
Traders monitor breakouts because breaching a consolidation range often triggers follow-through momentum as trapped participants cover positions.
Practical Market Example
Real-World Application
Bitcoin consolidating between $60,000 and $64,000 surges to $67,000 on high volume, confirming a bullish breakout.