Long

Bitcoin (BTC/USD) - Cup and Handle Breakout

🔍 Pattern Identified: Cup ☕ & Handle 🏆 Pattern
🕒 Timeframe: 1-Hour Chart (1H)
💥 Breakout Level: Around $95,000
🎯 Projected Target: $97,073.75

📈 Technical Overview:

Bitcoin formed a rounded cup showing accumulation at lower levels.
After completing the cup, a small pullback (handle) indicated a healthy consolidation.
A strong breakout above the neckline resistance confirms the bullish pattern.

⚡ Actionable Insights:

As long as the price stays above the neckline, momentum remains positive.
A breakout generally leads to a strong continuation rally towards the projected target.

📊 Watch for volume confirmation for added strength.
⚠️ Caution if price slips back below the neckline – breakout may invalidate.

Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

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