BTC cup & handle on daily - indicators convergance
Updated
BTC can possibly form a large cup & handle formation in the coming weeks. Pull back on BTC is expected due to likely ETF approval delay. It could give a chance for indicators to reset and for altcoins to BTC pairs to catch up.
Note
Very strong market conditions suggest that the handle may form only after reaching 64k area.Note
ETF approval on time made the price surge past its ATH. Nonetheless, the overall concept remains valid. Current correction can be shallower than I anticipated though.
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