The daily chart shows a bullish cup and handle formation for BTC.
The Fed will be reviewing interest rates on 19 June 2025.
There is a possibility that the rates will remain unchanged — a positive outcome. However, there's also a chance the Fed could cut rates by 0.25%, which could trigger a market rally.
At the moment, the bullish cup and handle pattern suggests a potential price target near £130K in the short term.
Happy trading!
Rafjj
The Fed will be reviewing interest rates on 19 June 2025.
There is a possibility that the rates will remain unchanged — a positive outcome. However, there's also a chance the Fed could cut rates by 0.25%, which could trigger a market rally.
At the moment, the bullish cup and handle pattern suggests a potential price target near £130K in the short term.
Happy trading!
Rafjj
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.
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.