BTC/USDT Potential cup and handle forming

Looking at the 1 day chart of BTC/USDT it looks like there the potential for a cup and handle to form. If so we should see BTC hit about 11 - 11.7k then retrace to about 9 - 9.5k before it starts its bull run up to 16.5k. Just a projection and i welcome all feedback and/or thoughts.
Trend Analysis

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