Long

Bitcoin Set for New High? Cup and Handle Pattern Reveals Massive

Updated

"Is this the start of a new bull run? Bitcoin's chart is screaming a potential breakout with a classic 'Cup and Handle' pattern forming! With targets set for new highs, this could be the best time to get in. Let’s dive into the analysis and explore why BTC might be primed for a massive move!"

**Technical Analysis (Buy Setup):**
The 'Cup and Handle' pattern visible on the BTC/USD chart indicates a strong bullish potential. After a prolonged period of accumulation, BTC is showing signs of upward momentum. The key levels to watch:

1. **Entry Point**: Watch for a breakout above the $68,000 level for confirmation.
2. **Targets**: Initial target around $75,000, with potential for a longer-term rally to $90,000 or higher if the pattern plays out.
3. **Stop Loss**: Place a stop loss below the $67,000 support to manage risk.

This setup offers a strong risk-to-reward ratio, but remember, market conditions can change rapidly. Always use proper money management!

**Disclaimer:**
This video is for educational purposes only and should not be considered as financial advice. The analysis provided here is based on historical price patterns and is not a guaranteed prediction. Trading involves significant risk, and any financial decisions you make are at your own discretion. The content creator is not responsible for any losses you may incur, and any use of this information for illegal activities is subject to legal and spiritual consequences.

Trade active

Already buy position let wait and see

Robinhold

Also on:

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.