BULLISH on Bitcoin
BTC is in the handle phase of a Cup and Handle pattern on the daily and weekly timeframe, so the higher timeframe is in confluence. A push above 70k on volume could signal the measured move of 46-48000 points to the upside. This is calculated from the bottoming support area of roughly 16k to the top of the handle which is around 64-70k. Best of Luck!
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.