Bitcoin breaking out during the past hour:
BTCUSD_2024-08-08_23-16-44_69101.png
The strength of Bitcoin was displayed in the past hour 8th August 2024, double tops had emerged across lower and higher timeframes, shorts were hammered around as bitcoin turned around against the selling pressure and broke out to the upside. There is a huge Cup & Handle pattern on the Weekly bitcoin chart & I think given that it's price & many other risk assets have broken out of recent zones to the upside today, including Silver which has since retraced, I see Bitcoin really breaking out again in a huge manner with this weekly Cup & Handle pattern as early as the next week or two.
The strength of Bitcoin was displayed in the past hour 8th August 2024, double tops had emerged across lower and higher timeframes, shorts were hammered around as bitcoin turned around against the selling pressure and broke out to the upside. There is a huge Cup & Handle pattern on the Weekly bitcoin chart & I think given that it's price & many other risk assets have broken out of recent zones to the upside today, including Silver which has since retraced, I see Bitcoin really breaking out again in a huge manner with this weekly Cup & Handle pattern as early as the next week or two.
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