A cup and handle pattern has emerged on the BTC USD chart. This is a typically bullish chart pattern and acts as another contributing factor, coupled with the 'w-pattern', that may drive bitcoin to 40k when new break through 36k. Institutions are buying the dips aggressively in this bull cycle, and that will continue to drive this uptrend from a macroeconomic standpoint.
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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.