BTC looks to be forming a Cup and Handle pattern.
If this pattern plays out, we could see a BTC breakout once the major downtrend resistance line is broken.
However, there are major resistances in play. Major downtrend line and
12K resistance cluster could keep BTC suppressed from major upside moves.
Happy trading!
If this pattern plays out, we could see a BTC breakout once the major downtrend resistance line is broken.
However, there are major resistances in play. Major downtrend line and
12K resistance cluster could keep BTC suppressed from major upside moves.Happy trading!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.