Long
Bitcoin:Possibility of cup and handle pattern. Target 85/000 $.
The price went according the analyze and reached the range of $ 35,000.
What will be the move of Bitcoin now?
My analysis is this(daily timeframe): according ((cup and handle pattern)).
It will reach the range of $ 44,500 to $ 45,000, and after a little correction, it will reach the price of $ 55,000 and then $ 63,000.
It will rest there for a while ( handle) and after breaking the trend line of handle" it can rise to the range of $ 85,000 and then $ 100,000.(During 3 months)
What will be the move of Bitcoin now?
My analysis is this(daily timeframe): according ((cup and handle pattern)).
It will reach the range of $ 44,500 to $ 45,000, and after a little correction, it will reach the price of $ 55,000 and then $ 63,000.
It will rest there for a while ( handle) and after breaking the trend line of handle" it can rise to the range of $ 85,000 and then $ 100,000.(During 3 months)
Note
The short-term target is $ 38,150. Be careful to reduce the price and form a head and shoulders pattern there.
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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.