BTC/USD Cup and Handle
Bitcoin (BTC/USD) is forming a classic cup and handle pattern, signaling potential bullish continuation. The cup is characterized by a rounded bottom, and the handle indicates a brief consolidation phase. If price breaks above the handle's resistance, we could see a strong upward move with increased buying momentum.
Note
BTCUSD has broken out of a well-defined cup and handle pattern, confirming bullish momentum. A retest of the handle's resistance level and subsequent break above it signals a potential continuation of the uptrend.Note
Note: the above comment is looking at the daily price chart. We need more confirmation on a weekly level to be sure of the continuation of the uptrend. Trade active
Very clear breakout and on our way to our target. Note: It might take 6 months or more to get there.
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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.
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.