Bitcoin
Long

BITCOIN Weekly up ?

164
Bitcoin is forming a Cup & Handle on a weekly basis. The breakout has the following targets:

BTCUSDT
Targets: $155,000 USD - $244,000 USD

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Note
Bitcoin has been moving sideways since March. A few days ago, we saw Bitcoin bounce off the daily 200 EMA, and now it’s testing the upper part of the trendline around $65,500 USD!!

It wouldn’t be surprising if Bitcoin makes an upward move in the coming days, as October is generally a bullish month in the markets and historically for BTC!

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Note
Good day everyone, Bitcoin closed the weekly candle at $69,000 USD, breaking out of the range since March. Volatility is expected in the coming days; it is likely to liquidate both bears and bulls. I would wait for confirmation once $70,000 USD is surpassed!

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Comment on what you expect from Bitcoin in the coming days!

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