BitcoinLong
Bitcoin possible cup and handle in development
1. Retest of all time high is happening too quick and there will be sellers here as some may also confuse this area as a double top. I am long BTC and even I would hesitate to buy right now.
2. I think BTC can have a strong support at or around a trillion dollar market cap 53-54k, creating the cup of the pattern.
3. Assuming this is a cup and handle in the works, the target price would be around 73k on a confirmed break.
2. I think BTC can have a strong support at or around a trillion dollar market cap 53-54k, creating the cup of the pattern.
3. Assuming this is a cup and handle in the works, the target price would be around 73k on a confirmed break.
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.