The weekly BTC chart shows a perfect cup and handle in play.
The price is retracing after breaking the $74k resistance area in Nov 2024.
Once the price reaches, the now support, and bounces from $72-74k area we can enter long positions.
Previously it took 6 weeks to reach ATH $109K
We can expect BTC to reach $110k approx. in 2 months time once it reverses from the support $72-74k
And the rest of the 2025 may be Bullish taking us to new ATH
The price is retracing after breaking the $74k resistance area in Nov 2024.
Once the price reaches, the now support, and bounces from $72-74k area we can enter long positions.
Previously it took 6 weeks to reach ATH $109K
We can expect BTC to reach $110k approx. in 2 months time once it reverses from the support $72-74k
And the rest of the 2025 may be Bullish taking us to new ATH
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.