BTC/USD cup and handle pattern

28 בספט׳ 2021

Hello crypto! Despite the weak price action during last couple of days I can see a clear cup & handle possibly forming on the daily chart for Bitcoin. As you can see we have to defend the support box between 40-42000$ and break the downtrend channel to the upside. I can see this happening next week, before facing the real resistance at 53000$ - will be hard to go through it, but then the new all-time-high will be just a matter of days. The target of the cup & handle pattern is around 73-76000 $