BTCUSDT Approaches Resistance with a Cup and Handle Pattern
Bitcoin (BTCUSDT) is showing signs of bullish momentum as it approaches the critical resistance level of $92,839. The formation of a classic "Cup and Handle" pattern suggests the potential for an upward breakout. This bullish setup is often a precursor to significant price gains if confirmed by a clear breakout above the resistance.
Currently trading around $91,471, BTC has maintained steady upward movement supported by key zones of demand. If the handle structure completes and BTC successfully breaks above $92,839, the next targets could extend well beyond $94,000.
Currently trading around $91,471, BTC has maintained steady upward movement supported by key zones of demand. If the handle structure completes and BTC successfully breaks above $92,839, the next targets could extend well beyond $94,000.
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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.